Sierra contributed $120,000 to superannuation as a non-concessional contribution in 2020/21. Outline the non-concessional contribution bring forward

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Sierra contributed $120,000 to superannuation as a non-concessional contribution in 2020/21.

Outline the non-concessional contribution bring forward rules.

Explain whether any of the following further contributions are allowed and any associated taxation implications(non mutually exclusive contributions):

i.$150,000 in 2022/23

ii. $250,000 in 2021/22

Related Book For answer-question

Accounting Information Systems The Processes and Controls

ISBN: 978-1118162309

2nd edition

Authors: Leslie Turner, Andrea Weickgenannt

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Posted Date: Jun 15, 2021 10:45 AM

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Sierra contributed $120,000 to superannuation as a non-concessional contribution in 2020/21. Outline the non-concessional contribution bring forward

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Accounting Information Systems The Processes and Controls

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