Hi, this is a question on behalf of a family member I am trying to help.
This sole trader is yet to submit their tax returns for the past 3 financial years. They do not currently have a super account set up.
It is my understanding that $30,000 a year can be made in personal contributions to super and that these can be made for the previous 5 financial years.
Am I correct in assuming that this person can declare these contributions for the previous 3 years when submitting their tax returns if they are to set up a super account now?
Or would this not be possible/cause any issues? Any advice on this would be very helpful and thank you in advance.
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