Super

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SMSF strategy – Tax Office form to adjust concessional contributions

The ATO has released a form that notifies it that a member of a self-managed superannuation fund (SMSF) has made concessional contributions in one financial year (year 1) but their SMSF did not allocate them to the member until the next financial year (year 2). Most SMSFs use provisions in their trust deeds concerning contribution reserves to

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