Not sure if many here have thought of this, but this financial year, I will well and truly gross more than next. I have already hit my limit of $30k concessional contributions.
From what I have been reading, contributions are counted in the year that these contributions hit your super fund - in my case, my employer usually has my previous months contributions in by the 22nd of the next month - so if I was to salary sacrifice $20k in June, theoretically it should be classed as a contribution for next financial year, as my employer won't pay in until July.
I have asked my accountant to try and get a ruling for me so I don't get burnt putting in too much this financial year but no word yet. My concern is that my group certificate will show my reportable contributions for the year of $50k.
Anyone else thought of or carried out this strategy? Not keen on going over my cap, as I won't have access for some 30 years
