The couple asked you to explain concessional and non-concessional contributions. They want to use the money in the term deposit for a contribution to their respective super accounts. Explain to the couple the difference between concessional and non-concessional contributions in super, and identify for them whether the money in a term deposit (i.e. after- tax money) should be contributed - as a concessional or non-concessional contribution

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Concessional and nonconcessional contributions are terms used in the context of contributions made t... View the full answer