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231 superannuation part 1

Dev Raga Personal Finance

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How to Carry Forward Concessional Super Contributions

The carry forward contribution means suppose you didn't max out your concessional super contributions in the past. This is a great thing because it allows people who may have had a lower income during their junior years to catch up on super and really ramp it up in their senior years. It resets over a five-year period kind of like your demerit point system in most states for speeding fines. You should be getting 10.5 percent mandatory contributions i cannot hammer that message again and again until you get it now. A real life scenario amies and nurse working in a large pediatric hospital could have contributed $82,500 into a super but she's only contributed $27,000. She

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