WebJun 23, 2024 · A. With the amendments to the bring-forward rule for over-65s failing to pass Parliament last week, clients turning 65 are now facing a conundrum, says a technical expert. Due to the non-passage of legislation last week, SuperGuardian education manager Tim Miller said careful consideration, and possible action, may be required before 30 … WebMar 15, 2024 · Age 74 and non-concessional contributions bring-forward rule. LindaXB (Newbie) 15 Mar 2024. Dear ATO, If an individual is 74 on 1 July 2024 with total super balance under $1.48 million on 30 June 2024, are you able to confirm that this individual is able to contribute $330,000 on 1 July 2024 using the three-year bring-forward non …
Amendments to bring-forward rule in limbo - SMSF Adviser
WebAug 12, 2024 · Using the bring forward rule, immediately recontribute $300,000 as a non-concessional contribution ... The withdrawal and recontribution strategy has converted the balance from 20% tax free/80% taxable to 68% tax free / 32% taxable. ... Also, a person over age 65 must satisfy the work test to make non-concessional contributions and a … WebMar 30, 2024 · The Treasury Laws Amendment (More Flexible Superannuation) Bill 2024 extend ing the use of the bring-forward rules from age 65 to 67, enabling Australians aged up to 67 to trigger bring-forward non-concessional contribution payment, is still … bsight consulting and training llc
New opportunities to grow your super from 1 July 2024 - CFS
WebApr 7, 2024 · The measures intend to increase the age at which people can access the non-concessional three-year bring forward rules from 64 to 66. People aged 65 and 66 … WebJan 3, 2024 · Along with the removal of the work test for people aged 67 to 74 is the extension of the non-concessional contribution bring-forward rule for this age group, but as the bill has stalled in ... WebApr 9, 2014 · While the $250,000 balance that hasn’t been used up under the bring-forward can be contributed in the next year, it must be done in at least two amounts of $180,000 and $70,000. That’s because ... exchange 2016 share calendar externally