SMSF contributions up 15%BY BEN COLLINS | TUESDAY, 9 OCT 2012 11:35AMContributions to self managed super funds were up 15% on the previous year, according to the most recent data from the Australian Tax Office (ATO), which releases contributions figures annually, with a one year lag. |
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The key reason behind the increase in discretionary contributions was the reopening of the bring forward rule window. FY2011 was the first year that members that utilised the bring forward rule in 2008 could recommence non-concessional contributions