Election Form To Release Excess Concessional Contributions, Https Www Ptppa Com Assets Pdf Perusahaan Pengelola Aset Ga 31 Des 2019 Pdf

The election form requires the individual to advise the ato if the nominated fund holds their tfn.

Election day may 2019 usa. It can also be used where an unsuccessful release has previously occurred and you want to choose a different fundaccount. This is the amount of your excess minus 15 tax paid by your funds. Excess concessional contributions election form complete this form if you wish to release excess concessional contributions from your superannuation fund.

N when completing the form all fields are mandatory. You can choose to release up to 85 of your ecc from your super fund by completing an excess concessional contributions election form and sending it to the ato within 21 days of your ecc determination issue date. It is important that the fund nominated to release the benefit payments has the tfn of the individual as this facilitates an efficient release authority process.

N you are able to choose more than one superannuation fund. If the individual completes an election form to release an amount the tax office will issue the nominated super fund with an excess concessional contributions release authority. Excess concessional contributions election form nat 74825 042015 complete this form if you wish to release excess concessional contributions from your superannuation fund.

You can choose to release up to 85 of your excess concessional contributions from your super fund or funds. The super fund will be required to pay the amount to be released to the tax office as well as return the release authority statement within 7 days. Ato will send a release authority to the super funds nominated by the member.

This can be done through your mygov account and the ato online service where you can complete the excess concessional contributions election form within 60 days of the. How to order a paper copy. They pay an amount to the ato in total equal to their excess non concessional contributions amounts and 85 of the associated earnings amount from 1 july 2018 super funds have ten.

Preparation schedules excess concessional contributions. Excess concessional contributions election form complete the form online. For most people it is easier and quicker to log into mygov external link to complete the excess concessional contributions election formif you are not already registered go to online services to register.