Sonia contributed $110,000 to superannuation as a non-concessional contribution in 2021/22.   Outline the non-concessional contribution bring forward rules in your own words  Determine whether Sonia can contribute a further $150,000 in 2021/22. Explain your answer, including any taxation consequences.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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  1. Sonia contributed $110,000 to superannuation as a non-concessional contribution in 2021/22.

 

  1. Outline the non-concessional contribution bring forward rules in your own words 
  2. Determine whether Sonia can contribute a further $150,000 in 2021/22. Explain your answer, including any taxation consequences.
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