Superannuation Contributions - Setting up a Transfer to use the Bring Forward Rule

Voyant limits Superannuation contributions to the Concessional and Non-Concessional contribution caps. See this guide for how to set up regular Concessional and Non-Concessional contributions within the Superannuation entry: How to Enter Superannuation Pensions - Australia

To use the Bring forward rule you instead need to set up the Contribution into the Super as a Transfer

All transfers are treated as Non-Concessional Contributions. This will also let you use the Bring Forward rule. Steps on how to do this are below:

1. Money available to make the contribution

First you need to set up the source of the funds for the contribution. This could be Surplus Income/ Windfall/ Downsizing proceeds/ Another Account.

For example, here is a guide on how to downsize a house - Downsizing or Rightsizing a Home

2. Transfer this money into the Super

To move this money to the Super, go to Dashboard - + button - Transfers.

 

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Set up a Transfer

From: All Surplus if you created a Windfall income or downsized a property in that year, alternatively

From: Another account - select the relevant account

To: Superannuation Accumulation with the specific amount from the lump sum.

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Go to Timing at the top of the Transfer screen

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Click Done to save.

 

Now go to Year View (top right of the chart) - Pensions tab to check the contribution amount. Click on the name of the account to see further details and to check it is set up how you would like.

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Any questions please contact support@planwithvoyant.com