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Contributions caps and taxation of contributions

Contributions and amounts that do not result in excess concessional contributions

Section: 5.7

For financial years commencing on or after 1 July 2017, the amounts listed below that count towards the concessional contributions cap do not, on their own, cause an individual to exceed their concessional contributions cap. Instead, the sum of those contributions is taken to be equal to the concessional contributions cap and cannot create an excess.

Contributions and amounts that do not result in excess concessional contributions (on their own)
  • Contributions to a CPF that would be counted as concessional contributions (including notional taxed contributions to CPFs and defined benefit contributions in excess of notional taxed contributions to CPFs)
  • Notional taxed contributions where the grandfathering transitional rules apply. (These rules do not apply to CPFs)
  • Defined benefit contributions - notional taxed contributions (to the extent this excess does not relate to an interest in a CPF).

Last modified: Tuesday, July 23, 2019