Question: Mark is 65. What can he do if he has triggered the three-year non-concessional contribution cap? He can use the residual of the three year

Mark is 65. What can he do if he has triggered the three-year non-concessional contribution cap?

He can use the residual of the three year cap, but the work test must be satisfied

No further contributions can be made.

He can contribute another $300,000 without penalty tax.

He can use the residual of the three year cap without satisfying the work test

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