Personal Deductible Contributions

To maximize the contributions that can be made to an SMSF, and reduce their personal tax liability, an individual may wish to consider claiming a deduction on any personal contributions up to the concessional contribution cap. From 1 July 2021, the concessional contribution cap is $27,500. This fact sheet considers all the issues associated with making personal deductible contributions.

To read this fact sheet in its entirety download the PDF version here.

SMSFs and the Age Pension

Subject to satisfying eligibility requirements, self-funded retirees may qualify for Centrelink benefits such as the Age Pension or the Commonwealth

How to view your Transfer Balance Cap

From 1 July 2017 a cap was introduced to limit how much can be transferred to a retirement phase pension

Excess Non-Concessional Contributions

The non-concessional contributions cap is $110,000 from 1 July 2021, however the ability to contribute to super is dependent on

Excess Concessional Contributions

The concessional contribution cap is $27,500 from 1 July 2021. With the ability to carry forward unused concessional contributions over

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