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Mable(Newbie)Registered Tax Professional
18 Sept 2024

Hi

Is the bring-forward arrangement applicable to someone who contributed $50,270 as a concessional contribution (exceeding the cap by $22,770) and meets the age and total balance criteria, or is it only applicable if the contribution type was non-concessional?

Thanks,

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Bruce4Tax(Taxicorn)Taxicorn
18 Sept 2024

or is it only applicable if the contribution type was non-concessional?


Bring forward is only applicable if the contribution type was non-concessional


Carry forward is only applicable if the contribution type was concessional


someone who contributed $50,270 as a concessional contribution (exceeding the cap by $22,770) and meets the age and total balance criteria


Will meet conditions for carry forward.


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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
18 Sept 2024

or is it only applicable if the contribution type was non-concessional?


Bring forward is only applicable if the contribution type was non-concessional


Carry forward is only applicable if the contribution type was concessional


someone who contributed $50,270 as a concessional contribution (exceeding the cap by $22,770) and meets the age and total balance criteria


Will meet conditions for carry forward.


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