Frequently Asked Questions

When an individual has exceeded at least one of the superannuation contribution caps for the financial year, this means they may have to pay excess concessional contributions tax.

If this is the case, the ATO will send a notification letter. This allows the individual to carefully check if the details of the excess superannuation contributions are correct and dispute them if they are not.

When completing your tax return, this information is unavailable to the tax agent. As such, the agent cannot advise whether you will be liable for any excess contributions tax. This calculation is made only after the lodgement of your tax return and when your superannuation fund reports contributions information to the ATO. Any excess concessional contributions assessment may be raised many months after the lodgement of your tax return.