Looking for a new Super Advisor, page-33

  1. 2,267 Posts.
    lightbulb Created with Sketch. 835
    When your super reaches a balance of $1.7m you can only contribute the concessional amount each year which is currently $27500. I believe they introduced the cap to stop the non concessional contributions which is currently $110,000 per year.
    And you can bring forward 3 years of $330k every 3 years.

    The only loophole I can see is that you could contribute that $330k on the 1st of July if your balance was at $1.69m as of the 30 June.

    So the 10s of millions will have to be made from a base of approximately $1.7m - $2m.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.