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Clagpotts(Newbie)Newbie
12 Feb 2025

I am 61, wanting to semi retire in the next few months. My wife and I have just paid off the mortgage and I currently have around $580k in super. Can I tip the entire $400k inheritance into that and then set up a transition to retirement account with my super fund? What would be the tax implications? Thanks!

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761 views
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Bruce4Tax(Taxicorn)Taxicorn
12 Feb 2025

Assuming you have not contributed more than $ 110 K in 2023 or 2024, your max contribution

for 2025 = 360 K. Then no contributions till after 30/06/2027.


Alternatively, 120 K before 30/06/2025, then up to 360 K after 30/06/2025 is possible.



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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
12 Feb 2025

Assuming you have not contributed more than $ 110 K in 2023 or 2024, your max contribution

for 2025 = 360 K. Then no contributions till after 30/06/2027.


Alternatively, 120 K before 30/06/2025, then up to 360 K after 30/06/2025 is possible.



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can i roll all of a $400k inheritance into my super? | ATO Community