Use our handy concessional and non-concessional contribution cap checklists to help ensure your clients make the most of their super in 2019/20 without exceeding the contribution caps.
Concessional contributions checklist
From 1 July 2017, eligible clients can claim a tax deduction for personal superannuation contributions regardless of their employment status. The concessional contribution checklist will assist you in determining:
The available concessional contribution cap available to claim a tax deduction on personal tax deductible contributions, and
Project future concessional contribution amounts available with the 5-year carry-forward provision (commenced 1 July 2018 where any remaining concessional cap from 2018/19 is carried over to 2019/20).
Non-concessional contributions decision tree
The non-concessional contribution cap available to a client depends on their total super balance, their age and certain other factors. The non-concessional contribution decision tree can help you establish your client’s available non-concessional contribution cap for the 2019/20 financial year.