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Unused Concessional Contributon Rollover and NAT 71121 Notice of intent to claim or vary a deduction

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After checking ATO/MyGov I've confirmed I have unused concessional contribution amount for 18/19-$xx, 19/20-$yy and will also have an unused amount for 20/21-$zz.

If I were to deposit sum of (xx+yy+zz) into my super fund prior to June 30 2021 do I simply claim this lump sum on NAT 71121 form for 20/21 ?

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Taxicorn Registered Tax Practitioner

Replies 0

 

After checking ATO/MyGov I've confirmed I have unused concessional contribution amount for 18/19-$xx, 19/20-$yy and will also have an unused amount for 20/21-$zz.

If I were to deposit sum of (xx+yy+zz) into my super fund prior to June 30 2021 do I simply claim this lump sum on NAT 71121 form for 20/21 ?

 

 

Yes  -  as long as your total super balance was under $ 500 K at 30/06/2020.

 

 

1 REPLY 1

Most helpful response

Taxicorn Registered Tax Practitioner

Replies 0

 

After checking ATO/MyGov I've confirmed I have unused concessional contribution amount for 18/19-$xx, 19/20-$yy and will also have an unused amount for 20/21-$zz.

If I were to deposit sum of (xx+yy+zz) into my super fund prior to June 30 2021 do I simply claim this lump sum on NAT 71121 form for 20/21 ?

 

 

Yes  -  as long as your total super balance was under $ 500 K at 30/06/2020.