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Quick question re super, page-12

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rebel1

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14/08/23

21:38

Post #: 69334530
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Originally posted by wowog: ↑

Re that 27,500 limit, don't forget each past year you havnt reached that level, that gap amount accumulates as your shortfall which you can add in later if you have an excess of money to move into super if thats suits you best. For example if over the last 5 years you put in 17,500 each year, 10k short of the limit, then you can put in that extra 50k at some point in, over and above the 27,500,without being penalised by the higher tax rate.

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Currently will salary sacrifice into super up to the limit (Including what my employer pays) Depending on how things go , I may add a lot more...

Doing some reading on the transitional payment that super can pay out before you retire. But money must be separatede and not added to is how i read it...

Lots to look at...
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