WebFrom 1 July 2024, Members can make ‘carry-forward’ concessional super contributions if they have a total superannuation balance of less than $500,000. Members can access their unused concessional contributions caps on a rolling basis for five years. Amounts carried forward that have not been used after five years will expire. Web4 rows · Jun 30, 2024 · The remaining $35,000 in unused concessional contributions cap amounts from 2024–20 and 2024–21 ...
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WebUnused concessional super contributions cap. I've confirmed with the ATO that I have $105,000 of unused contribution caps and will contribute $80,000 towards it this financial … WebApr 12, 2024 · Given NALI applies to statutory income, this would also tax a net capital gain and concessional contributions at 45 per cent. NALE amnesty to 30 June 2024. ... To determine the unused cap, ... primaxin injection
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WebJul 1, 2024 · The government allows you to carry-forward unused amounts of your concessional contribution cap from the previous five financial years, starting with the 2024-19 year. To be eligible to carry-forward from previous years and contribute more than $27,500 in concessional contributions in a single financial year your account balance … WebApr 13, 2024 · If you have any unused concessional contribution amounts from previous financial years and your super balance is less than $500,000, you can also make a carry-forward contribution. This can be a great way to offset your income if you have higher-than-usual earnings this year. WebFor example, if you receive $10,000 in before-tax contributions in 2024-23, the $17,500 unused portion of your cap is effectively rolled over and added to your concessional cap for 2024-24, so you would be able to receive up to $45,000 in before-tax contributions in that financial year. Until 1 July 2024, the cap was $25,000. primax merchant services