I have a total of $80,000 of unused concessional cap amounts from previous years: this is $20k for both the 2018-19 and 2019-20 year, with the remaining $40k shared across the 20-21, 21-22 and 22-23 years.
I would like to contribute an extra $20,000 this financial year and hopefully more in future years to take advantage of these.
My question is: if I lodge the notice of intent with my super fund and then just go ahead and pay the money into my super - does the amount automatically get deducted from the 2018-19 year? Or does it take it first from the current year concessional contribution cap, or last years? Ideally, I would like to take advantage of the unused contributions from 2018-19 first, and then progressively use each years unused contributions as I have more funds become available.
Appreciate any advice on this.
Thanks
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