Contributions are very topical at the moment and they are likely to become more so as the government formulates its new regulations. Why are they topical? Because it has never been more important to understand what type of contributions can be made throughout the lifecycle of yourself and your fund.
With the reduction in contribution limits likely to severely hamper savings adequacy for people who don't plan adequately, and the draconian penalties for getting contributions wrong, knowing what you can do and when becomes vital.
So the common types of contributions include concessional, non-concessional, co-contributions and spouse contributions.
Less common types include CGT exempt and retirement rollovers if you are a small business owner. Your access to these types of contributions also differs depending on your age when you make the contribution.
