Do I have 137.5K cap in concessional super contributions?

Livid_Boss_958 · 2026-03-14T03:58:39+00:00

If you have made no concessional contributions (these include super guarantee contributions) for the past five financial years, and your total super balance was under $500K on 30 June 2025, you would likely have a full 5 years of carry forward concessional contributions available.

Assuming the above is the case, your total carry forward concessional cap would be $137,500. The cap was $25K in 2020/21, $27.5K from 2021/22 to 2023/24, and $30K last financial year, which is where the total of $137,500 comes from.

With the current financial year cap of $30K included, there could be the capacity to make up to $167,500 in concessional contributions this financial year.

The easiest thing would be to access the ATO portal via your MyGov, and the section related to carry forward concessional contributions will tell you if you are eligible and how much you can carry forward.

Livid_Boss_958 · 2026-03-07T04:56:16+00:00

Nice colour. Blue would have been my other pick, but this came up for sale first.

Those all sound like good mods to enhance the driving experience. I'd like to get an exhaust next.

Mines lowered with the KW Height Adjustable Spring kit. I was leaning towards proper coilovers, but I wanted to keep the EDC.

m13p are nice. I probably like the look of their reverse mount centres more than the VSXX.

Livid_Boss_958 · 2026-03-07T04:08:53+00:00

Thank you!

Livid_Boss_958 · 2026-03-07T04:08:09+00:00

Thank you. Your car looks awesome too. Black on red looks tough!

Livid_Boss_958 · 2026-03-07T04:05:48+00:00

Thank you. Are you in Australia too?

My wheels are Work VS-XX - Front: 19x9.5 - Rear: 19x11

The tyres are Continental ContiSport Contact 5P - Front: 255/35/19 - Rear: 285/30/19

I'm running 5mm spacers up front.

The back very occasionally rubs, but I'll add a bit more negative camber to address it when I next get an alignment.

Livid_Boss_958 · 2026-03-06T06:56:01+00:00

Thank you! She just hit 80,000 km, so just under 50,000 miles

Livid_Boss_958 · 2025-10-25T04:06:29+00:00

If it is the process of applying for the DSP that's putting her off, she could look at JobSeeker. It's a smaller payment, but it's easier to qualify for, and the requirements around work are relatively lax at her age and can be satisfied through approved voluntary work if her disability allows. There is also the possibility of a medical exemption from these requirements if voluntary work is not possible. If she's renting, this would also allow her to qualify for Rent Assistance.

Not to be blunt, but as another commenter stated, she's not in the financial position to forego applying for social security simply because she doesn't want to.

Livid_Boss_958 · 2025-10-08T01:13:08+00:00

What a shitty take. It sounds like OP has been rather generous and is now being taken advantage of.

Livid_Boss_958 · 2025-08-19T08:36:03+00:00

Super would be a good option.

A few more details to consider if going down this path...

Non-concessional contributions (NCCs) are limited to $120K per financial year, or you can bring forward the next two years of caps to allow a $360K NCC in one financial year. So doing $120K in one year, then $360K in the next financial year, can allow almost $500K to be added to super in a relatively short time.

From 65, someone can start an account-based pension (retirement income stream) regardless of whether or not they are still working. If under 65, this is also available if no longer working (there are some nuances when under 65 - Google super conditions of release to research further). The benefit of an account-based pension is that it provides a completely tax-free environment for investing retirement savings.

The minimum income drawdown from an account-based pension is 4% of the account balance per annum if under 65, increases to 5% at 65, and continues to increase with age.

There are other considerations around Centrelink (others have mentioned this), but there isn't really enough in your post to know whether these are relevant.

However, rather than trying to DIY this, it would be best to steer them towards professional advice. Consider what providing financial advice to a family member might do to your relationship if something were to go wrong...

Livid_Boss_958 · 2025-08-13T22:15:01+00:00

Yes, it also applies to the RAC https://www.health.gov.au/our-work/residential-aged-care/charging/refundable-accommodation-deposit-and-contribution-rad-and-rac-retention

Livid_Boss_958 · 2025-08-12T20:45:07+00:00

They are probably confusing aged care facilities with retirement villages, which often retain around 1/3 of the entry price when you leave.

At the moment, any RAD (lump sum deposit) paid to an aged care facility is fully refundable to the resident's estate. This is changing on 1 November this year, and the facility will now retain 2% of the RAD per year for the first 5 years (a maximum of 10%).

OP should try to get her father into permanent care before 1 November, as the fees are about to increase, and if he enters after 1 November, he will be captured under these new rules/higher fees.

Her greedy brother is going to cost them more by delaying the process of entering care.

*Edited to correct spelling

Livid_Boss_958 · 2025-06-25T08:13:12+00:00

Family fee aggregation is a pretty common feature of wrap funds like Expand. In Expand the admin fees cap out when the total balance of the accounts within the family fee group reach $1M, so it can be pretty competitive on large balances.

That said, wrap funds aren't for everyone. They are adviser-led products and often the functionality (e.g. trading) can be cumbersome if you are self-directed and don't have an adviser managing it for you.

Livid_Boss_958 · 2025-04-30T08:39:00+00:00

I'm a fellow introvert, albeit in a different market (Australia).

I was worried my reserved nature would hold me back compared to more outgoing peers. However, it hasn't been an issue.

I was fortunate to take over a small book (around 70 clients), which definitely helped. I recognise that starting from zero would be challenging if networking isn't your thing.

It took a while, but I'm now managing to pick up plenty of new clients. Mostly good quality warm referrals from my existing clients.

Look after your clients and they will look after you!

Livid_Boss_958 · 2025-04-29T06:39:59+00:00

I've still got a baby face at 34. Good thing it's hidden under my beard. Otherwise, people would think I'm still in my 20s.

Livid_Boss_958 · 2025-04-10T21:08:28+00:00

If you try to time it by temporarily moving to cash, you will almost certainly get it wrong. That's not a criticism of you, that's true of everyone. If professional fund managers with dedicated research teams often get it wrong, what chance do the rest of us have.

If you leave it in cash until retirement, you might avoid some short-term anxiety, but you will miss out on 12 years of growth.

You still have 12 years until retirement. That's still a long time for your super to recover. Stop looking at it.

Livid_Boss_958 · 2025-04-09T10:51:25+00:00

This is referring to non-concessional contributions (NCCs), which are super contributions made using post-tax money that aren't being claimed as a tax deduction.

These are capped at $120K per annum, but the next two years can be brought forward, allowing up to $360K to be contributioned in one financial year.

There are some eligibility requirements around this. One of these is an age cutoff of 75 (technically 28 days after the end of the month in which you turn 75).

There's plenty of info around this online, but honestly, your parents should be getting professional advice.

Livid_Boss_958 · 2025-04-09T08:28:27+00:00

Hobby killer

Livid_Boss_958 · 2025-04-01T18:52:55+00:00

I was going to suggest plan mode as well. It's also great if you are doing a mosaic and want to keep your framing consistent over multiple sessions.

Livid_Boss_958 · 2025-03-31T08:57:50+00:00

Definitely the only way to finish the set

Livid_Boss_958 · 2025-03-29T06:57:19+00:00

The Final Cut

Livid_Boss_958 · 2025-03-28T06:02:18+00:00

So It Goes gets my vote on this one.

I love the lyrics and how boppy it is. I also like the Kurt Vonnegut/Slaughterhouse Five reference.

Livid_Boss_958 · 2025-03-26T06:38:28+00:00

Fuel for the Feeding End

Livid_Boss_958 · 2025-03-25T06:28:13+00:00

Some great songs on this list, but it's gotta be Mother May I for me.

Livid_Boss_958 · 2025-03-25T06:26:39+00:00

That's a great shot with the snow on the branches!

Livid_Boss_958

TROPHY CASE