Hi< i've some unused concessional contributions. Does it include or exclude standard annual concession of 30k? If it's excluded, can I use that to offset my non concession contribution from my savings? Many thanks
Unused CC amounts can only be applied after have already made $ 30 [Removed by moderator] CC in that year.
Hi @Yunusnio,
Yes, you can lodge a notice of intent (NOI) for personal contributions from your savings, if you have unused concessional cap amounts available.
Unused caps are applied after your current year cap is used, so those extra contributions can be treated as concessional up to what’s available on your account.
It depends on what unused cap is actually recorded for you – not just what you expect to have.
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