Just a reminder that an individual will automatically trigger the bring forward rule from 1 July 2020 if the member exceeds their general NCC cap for the year and the
- member is under 67 at any time in that year,
- member is not part way through an existing bring forward period,
- member’s TSB at the previous 30 June is less than the requisite threshold
The thresholds and the amounts that can be contributed are shown below.
| 2020/2021 | 2021/2022 | ||
| TSB @Last 30/6 | NCC Cap | TSB @ Last 30/6 | NCC Cap |
| $1.6m or more | Nil | $1.7m or more | Nil |
| $1.5m to <$1.6m | $100,000 | $1.59m to <$1.7m | $110,000 |
| $1.4m to <$1.5m | $200,000 | $1.48m to < $1.59m | $220,000 |
| <$1.4m | $300,000 | <$1.48m | $330,000 |
