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geffa9

13,333 Posts.

571

04/09/22

08:13

Post #: 63506182
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Originally posted by sholtz ↑

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.

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Please be careful with these strategies it is a mine field. I know financial advisers are expensive but I would consider them as they give peace of mind that you are doing the right strategies. Hit me up if you need a recommendation for a financial Planner.
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