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Spin(Initiate)Initiate
4 Nov 2024

Hi,

I have lodged my tax return for year ended 2024 and received the NOA. All superfund details are up to date given the 31st October reporting obligation by superfunds. On my MyGOV portal it states that I am in a "brought-forward (BF)" arrangement with a remaining balance of $0.00 until 30th June 2025.

Below is further information stating the BF Cap is $330 000 with Reported contributions of $329 382. If all information is lodged, recorded and up to date, why does it appear that I still have $618.00 ($330 000 less $329 382) available as a NC contribution which is different to the previous information that suggests I have no capacity to contribute further funds?


Thank you

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2 replies
177 views
2 replies

Most helpful response

Most helpful replyATO Certified Response

BroncosvRabbits(Devotee)Devotee
ATO Certified Response5 Nov 2024

Hi @Spin,


That's a great question.


For the most up-to-date info, you're best to reach out to your superfund directly as they're the ones who hold all the cards.


They only report their info to the ATO and that's what you see in ATO online, through myGov.


Technically any amounts unused in the first year of the 'Bring Forward' arrangement can be used in the next 1 - 2 years, so you should be able to. Only IF the superfund say you have the ability/capacity to. 😊

All replies

Most helpful replyATO Certified Response

BroncosvRabbits(Devotee)Devotee
ATO Certified Response5 Nov 2024

Hi @Spin,


That's a great question.


For the most up-to-date info, you're best to reach out to your superfund directly as they're the ones who hold all the cards.


They only report their info to the ATO and that's what you see in ATO online, through myGov.


Technically any amounts unused in the first year of the 'Bring Forward' arrangement can be used in the next 1 - 2 years, so you should be able to. Only IF the superfund say you have the ability/capacity to. 😊

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