SMSF Services
Contribution Cap Monitoring
Exceeding your superannuation contribution caps triggers significant tax penalties — and in some cases, permanent damage to your super strategy. PHC & Associates monitors your concessional and non-concessional contributions throughout the year, advising on safe caps, catch-up opportunities, and the optimal contribution strategy for your circumstances.
1000+
Clients Served
CPA
Certified
Year-Round
Cap Monitoring
What's Included
Everything Covered in This Service
Monitoring of concessional contributions against the annual cap ($30,000 for 2024–25)
Monitoring of non-concessional contributions against the annual cap ($120,000 for 2024–25)
Catch-up concessional contribution eligibility assessment
Bring-forward rule calculations for non-concessional contributions
Total Superannuation Balance assessment for contribution eligibility
Excess concessional contribution tax calculation and ATO correspondence management
Excess non-concessional contribution determination and election advice
Year-end contribution strategy advice before 30 June
Why It Matters
Why This Matters for Your SMSF
Understanding the stakes helps trustees take their obligations seriously — and get the right support.
Excess Contributions Are Taxed Harshly
Excess concessional contributions are included in assessable income and taxed at the marginal rate plus an interest charge. Excess non-concessional contributions can be taxed at 47% — destroying the value of the contribution entirely.
Caps Apply Across All Super Funds
Contribution caps are not per-fund — they apply to all superannuation contributions across all funds a member holds. SMSF members with other super accounts must monitor contributions across their entire super portfolio.
Catch-Up Contributions Are a Valuable Opportunity
Members with a Total Superannuation Balance below $500,000 can carry forward unused concessional cap amounts for up to 5 years. This allows significant tax-effective contributions in high-income years — but only if monitored correctly.
Non-Concessional Bring-Forward Can Be Triggered Accidentally
Members under 75 can contribute up to 3 years of non-concessional caps in a single year using the bring-forward rule — but this can be triggered unintentionally, locking future contributions. Advice before large contributions is essential.
TSB Determines Future Contribution Eligibility
A Total Superannuation Balance above $1.9M prevents any non-concessional contributions. Members approaching this threshold need proactive planning to use remaining contribution room before it closes.