On a previous post I referred to the use of contribution reserving – a practice uniquely applicable to SMSFs in June. I have since been questioned on its application to a member who turns 75 in June.

The treatment of concessional contributions does not differ except that, like all members post age 67, the work test must be satisfied.

Non concessional contributions behave a little differently. Subject to total super balance limitations, a member turning 75 in June can make a non-concessional contribution of up to $360,000 in the 2026 year if the 3 year bring forward rule has not been invoked in the last 2 years.  If it has been, the balance of the $360,000 contribution not yet made may be made, before the end of 2026, subject to its allowability under the total super balance limits that apply for the 2026 year.  Any contribution made/allocated within the first 28 days of July will be limited to the $130,000 cap applicable to the 2027 year. It will also be limited by the total super balance that applied on 30 June 2026. Be careful here as this will include any amount not yet allocated to the member including 85% of any unallocated concessional contributions.

On another note, if you are interested in transferring your SMSF administration to ourselves we have a special fee arrangement you might find of interest. I’m always happy to have a chat about what we can do for you. Feel free to call.