The general Concessional Contributions (CCs) cap increased from $25,000 to $27,500 on 1 July 2021, and careful use of the carry-forward rules may provide additional tax and retirement planning opportunities.
Carry-forward rules recap
An individual must satisfy the following conditions to use their unused CCs cap amounts:
These could benefit eligible individuals who may encounter financial windfalls, such as gains on personal investments, or inheritance.
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