Hi,
I need assistance in understanding how much money can be deposited via consessional contributions (Employee + salary sacrifice) when money was deposited/withdrew under the First Home Super Saver Scheme (FHSSS).
2018-19 -- SG Contribution -- $10,000 + SS $15,000 (FHSSS) = $25,0002019-20 -- SG Contribution -- $11,000 + SS $15,000 (FHSSS) = $26,000
2019-20 -- I withdrew $30,000 in April 2020 to buy my first house via FHSSS.2020-21 -- SG Contribution -- $12,000 + SS $15,000 = $27,000
My total superannuation balance does not exceed $500,000.
Can these $30,000 that I withdrew open room for the "Unused concessional cap carry forward"? Do I have $29,000 of Unused cap for 2018-19 and 2019-20?
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662 views
1 replies