Capping for a super balance under $1.6 million
The annual cap on non-concessional contributions for people with a super balance under $1.6 million, is $100,000 per year.
Three years worth of contributions in one year
If you are under 65 years, and have a super balance under $1.6 million, you can pay three years worth of non-concessional contributions (up to three times the annual non-concessional contribution cap) in a single year.
For example, you can pay $300,000 in one year. Your non-concessional cap for the next years two years, however, will be reduced to zero.
Capping for a super balance over $1.6 million
If you have $1.6 million or more in super, your cap is zero. This means any non-concessional contributions may incur extra tax.
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