SMSF EOFY Tips

The SMSF non-concessional cap increases from $150,000 to $180,000 in FY2014-15. If you are considering a large personal contribution to super, you may want to delay making it until 1 July (i.e. next financial year). Under the “bring forward rule”, which allows three years’ worth of non-concessional contributions in one year, the maximum will increase from $450,000 to $540,000.

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Tony Dimitriadis