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SMSF Updates

Contribution caps increase from 1 July 2021

25 Feb, 2021
Contribution caps for both concessional and non-concessional contribution will increase from 1/7/21:
The new cap is as below:
Concessional $27,500
Non- concessional $110,000
If you use the bring forward rules for NCC, the following threshold will apply:
TSB: total super balance , NCC: Non-concessional contribution
TSB $1.7mil NCC nil
TSB $1.59-1.7mil NCC $110k
TSB $1.48-1.59mil NCC $220K
TSB $0-1.48mil NCC $330K
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