Non-Concessional Contributions

Discussion in 'Superannuation, SMSF & Personal Insurance' started by John Smith, 24th Jan, 2018.

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  1. John Smith

    John Smith Well-Known Member

    Joined:
    9th Apr, 2017
    Posts:
    114
    Location:
    VIC
    I put 530k into my wife's super in the previous financial year after selling an investment property. Does this stop me from contributing any more large lump sums into her super forever, or can I wait three more years and put in an extra 200k as a lump sum withdrawal from my own super as my balance is over 1.6m?
    Look forward to some learned responses. Thanks.
     
  2. AnthonyK

    AnthonyK Active Member

    Joined:
    12th Jul, 2018
    Posts:
    44
    Location:
    NSW
    Hello JS
    This is a complex query which requires much more info than you probly would not want to disclose here.
    The TBC (TferBalCap) legislation has made life tricky for the +1.6M super community specially since the NonCon contributions have been reduced. The only good thing is that 15% on income when super balances are > 1.6M are not that bad.
    15% is the Average Tax Rate (ATR) on personal income >$45,500.
    Regards
    AnthonyK