In recent times,
particularly given the ongoing adjustments to the limits for concessional
superannuation contributions, the way in which to maximise non-concessional
contributions has been an area of focus.
The table that we
often use, which summarises most of the main strategies available in this
regard is set out below.
Member age
|
61
|
62
|
63
|
64
|
65
|
Total
Contribs
|
Financial year
|
2013/14
|
2014/15
|
2015/16
|
2016/17
|
2017/18
|
|
Scenario
1
|
$150,000
|
$150,000
|
$150,000
|
$150,000
|
$150,0001
|
$750,000
|
Scenario
2
|
$150,000
|
$150,000
|
$450,000
|
nil
|
nil
|
$750,000
|
Scenario
3
|
$150,000
|
$150,000
|
$150,000
|
$450,000
|
nil
|
$900,000
|
Scenario
4
|
$450,000
|
nil
|
nil
|
$450,000
|
nil
|
$900,00
|
Scenario
5
|
$150,000
|
$450,000
|
nil
|
nil
|
$450,0002
|
$1,050,000
|
Scenario
6
|
$150,000
|
$150,000
|
$150,000
|
$150,000
|
$450,0001
|
$1,050,000
|
- Assuming contributions are made prior to member’s 65th birthday or made after reaching age 65 and the member continues to satisfy the required gainful employment test.
- Assuming contributions are made prior to member’s 65th birthday or the member was aged 65 at any time in the year and continues to satisfy the required gainful employment test of the contributions were made after the member’s 65th birthday.