Age 67 NCC Reminder

Age 67 NCC Reminder

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