If I exceed my superannuation concessional contributions cap of $27,500 for 2022/23 financial year due to an error by my payroll office in not stopping voluntary pretax contributions when I asked them to, what are my options when completeing my tax return for 2022/23?
(I believe that as my superannuation balance exceeds $500,000 I cannot use unused portions of my concessional contribution cap from 2020/21 and 2021/22 tax years)
what are my options when completing my tax return for 2022/23?
Fill in the reportable super item, based on prefill information.
ATO will issue an excess CC assessment later - you will have the option of electing to have money released from your super fund to pay the amount owing.
what are my options when completing my tax return for 2022/23?
Fill in the reportable super item, based on prefill information.
ATO will issue an excess CC assessment later - you will have the option of electing to have money released from your super fund to pay the amount owing.
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