Hi there,
Hoping you can clarify something for me regarding additional personal super contributions and claiming a deduction.
My partner currently has the following unused concessional contributions:
FY23 - $0
FY22 - $0
FY21 - $5,000
FY20 - $8,000
FY19 - $6,000
With the 5 year carry forward rule, my understanding is that the FY19 unused contribution allowance will expire this coming 30 June 2024 unless he makes additional contributions and claims a tax deduction for this.
He wants to make an additional contribution to use this allowance, but his super fund is telling him to write down FY24 as the relevant tax year on the form, rather than FY19 as the year.
I don’t understand this and I think it’s wrong. The contact at the super fund didn’t seem to be clear either.
Can someone please confirm? Is FY19 the correct year to note on the form to claim a deduction if he makes $6,000 of additional personal super contributions and claims a deduction.
thank you
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