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  1. Wendy Swinburn

     /  April 14, 2015

    I am 64 and turn 65 on 3rd June. I intend to contribute up to $540,000 before 3rd June. I am fully retired. I contributed $150,000 in the previous financial year. Do you agree this is OK? Thanks, Regards Wendy


    • Hi Wendy, I can only offer general advice on here but based on the data provided I would agree that if a person in general put $150,000 in last year and now puts $540,000 before turning 65 they will be fine. I caution that you should check superfund records (all of them that could possibly have received a contribution) and ensure you did not exceed the $150,000 concessional limit last year. Even $1 over can trigger the bring forward and defeat your current strategy. Remember also if you have exceed the $35,000 concessional limit that the excess may be added to form part of your Non-Concessional cap. Pease check and double check by seeking personal advice from your adviser/administrator.



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