This form must be lodged by any individual requiring a tax deduction on a personal contribution. It must be lodged after year’s end. Any personal contribution that has not been included on the form will be regarded as non-concessional.
This form must be lodged by any individual making a downsizer contribution. Multiple downsizer contributions, or contributions to different super funds, require a form for each contribution. It must be submitted within 90 days of receiving the proceeds of sale or the contribution will be regarded as non-concessional.
Any proposed SMSF activity that could be considered doubtful should be presented to the ATO on this form. If the ATO gives a qualified approval then the activity will probably by OK. If the ATO responds negatively then the activity should not be undertaken. A little time spent on this request now could save considerable cost in the future.
This is a more complete approach than Specific Advice and should be preferred where the matter relates to a particular fund. A favourable ruling means that you have a guaranteed “green light” provided you have described the matter fully.
This form notifies the ATO that you made concessional contributions in one financial year (Year 1) but your self-managed superannuation fund (SMSF) did not allocate them to you until the next financial year (Year 2).