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Superannuation Pension Phase - Bucket Strategy, page-9

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NavyDiver

5,102 Posts.

914

12/07/24

09:11

Post #: 74719797
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Originally posted by sholtz: ↑

I’m self employed and always put in the full concessional amount.

Last year my taxable income was over $250k so I had to pay another $4125 which is the additional 15% on the full $27,500.
I didn’t have to pay it from super so i paid it out of my personal account.

If your PAYG and your income was $250k they add the super guarantee amount of $27,500 super for a total of $277,500.

It would be easier to answer if it was clear on whether you are self employed or PAYG. I would suggest carry forward concessional catch ups from the previous 5 years would depend on the income of those years.

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Just looking at this. It's easy the track happily

Concessional contributions cap | Australian Taxation Office (ato.gov.au)

Also about to consider the Down Sizer one of $300,000 contribution

Downsizer super contributions | Australian Taxation Office (ato.gov.au)

The transfer Ballance limit is in my view a bit low and should be considered.
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