The salutary lesson to be learned from this case is that before any action is taken in respect of superannuation pension, always consider whether the pension is subject to Centrelink “pension grandfathering”.
AATA
Another case of excess non-concessional contributions and the ATO declining to exercise discretion
Another case of excess non-concessional contributions and the ATO declining to exercise its discretion as there were no special circumstances: Brady’s Case [2016] AATA 97 Another case of excess non-concessional contributions (ENCCs) arising because the taxpayer was unaware that the bring forward rule had been triggered in respect of 2010 when he intended to trigger […]
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