Dear Sir/Madam,
Can a SMSF member 18 years old make personal contribution concessional (Eg :125K) in 2023 FY for carry forward last 5 years?
Many thanks
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They need to verify amount available - on mygov, or through tax agent.
Personal CC means claiming a tax deduction, so taxable income after deduction should be at least $ 22 K - or they will be paying contributions tax for nothing.
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They need to verify amount available - on mygov, or through tax agent.
Personal CC means claiming a tax deduction, so taxable income after deduction should be at least $ 22 K - or they will be paying contributions tax for nothing.
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