Exceeding Concessional Contributions

Question

JodieR_ATO · Accepted Answer

If the fund received the contribution in the following financial year (FY), they have to report what is fact. However, as has advised, you may be able to request the super contributions be disregarded or looked at for another FY by lodging the excess contributions determination form. This may not be an option for you yet, however, some individuals can utilise the current carry forward unused concessional contributions cap amount. This depends on a number of factors, including your super balance not being in excess of $500k. You can read about the carry forward unused concessional contributions here. You can also use the link provided if you need to.

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