Author Topic: front loading super in Australia - is it possible?  (Read 1010 times)

kiwiozearlyretirement

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front loading super in Australia - is it possible?
« on: October 06, 2015, 10:04:25 AM »
I was reading the mad fientist's guinea pig experiment with front loading. So you contribute excess to your super (I imagine like a salary sacrifice) in the early part of the year and when you max out your tax free contributions you stop contributing. So you have more going into super early in the year and then pay your tax on excess contributions at the end of the year. I do not contribute any to my super as my employer contributes up to the maximum $30000. But what if I did in the early part of the year and paid less tax then. So the employer keeps contributing and then at the end of the year I just have to pay the difference in tax. But I had enjoyed several months of extra money. Is this possible in Australia or does the fund stop your contributions once you have met the threshold?

dungoofed

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Re: front loading super in Australia - is it possible?
« Reply #1 on: October 08, 2015, 04:53:47 PM »
Good question. Subscribing, as I'd love to hear the answer.