Super Contributions - Hot Issues
Published on 19 Aug 2009
| Took place at RACV Club, Melbourne
Since the introduction of Better Super, the threat of RBLs disappeared only to be replaced by the threat of
attracting excess contributions tax. The ATO has noted that current data indicates around 24,000 people may have
exceeded a contributions cap in the 2008 financial year. The potential to exceed the contributions caps in the
current financial year is possibly even greater, given the halving of the concessional contributions cap.
Whether contributions caps have been exceeded will depend on the value of contributions made, what is counted
as a contribution and in which financial year the contribution was made.
As mistakes around the calculation of the contributions caps can be extremely costly, understanding contributions,
the implications of exceeding the contributions caps and what to do if issued with an excess contributions tax
assessment from the Commissioner is vital.
The event covered understanding contributions and excess contributions.
Get a 20% discount when you buy all the items from this event.