Security Notice
We’ve seen a rise in scams targeting our customers, including messages pretending to be from nabtrade, along with cases of compromised passwords and identity theft. To help keep your account secure, use unique, complex passwords and update them regularly. Remember: nabtrade will never send you a text message asking you to click a link. If you receive one, delete it and report it to us.
If you want to invest more money in your SMSF, it's important to understand how you can contribute, the types of contributions and the caps that apply, who can contribute and implications if you have not provided a valid tax file number.
Contributions can be made into an SMSF in two ways:
Capital gains tax may be payable when you make 'in-specie' contributions, as the transfer is usually considered a disposal by you for tax purposes. Other costs may also be incurred, such as stamp duty.
There are three types of contributions that can be made into super. These are 'non-concessional' contributions, 'concessional' contributions and 'CGT-exempt' contributions. All three types of contributions can be made with cash or via an 'in-specie' asset transfer, subject to certain acquisition rules. There is also a cap on how much of each of these contributions you can make each year and penalties may apply if you exceed these caps.