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Requesting a history of non-concessional contributions

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Whilst uncertainty still remains over the Government’s budget announcement to introduce a lifetime cap on non-concessional contributions (NCC), it hasn’t stopped a significant number of requests to the Australia Taxation Office (ATO) to obtain a history of non-concessional contributions that have been made for members since 1 July 2007.

With both the effective date of these proposed measures and actual lifetime cap amount of non-concessional contributions yet be resolved (even within the Liberal party ranks it appears), it hasn’t stopped the Regulator and software providers alike recognising the importance of having this timely information available to review.

The ATO have previously indicated that the Tax Agent Portal will have a new mail topic called ‘NCC balance’ to request this information for your clients.  The request process will allow for practitioners to request balances for a specific list of clients or for all clients.  The new mail topic makes requesting and processing balances easier and quicker to obtain this information.  We have seen same day or next business day response times from the ATO since the introduction of this process.

How to request via the tax agent portal

The images below explain the process for tax agents about how you can request the NCC history:

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Whilst this is a great initiative to obtain this important information given the change, it should in no way be the only reference point in determining the accuracy of a member’s non-concessional contribution history.  Whilst acting as ‘gatekeeper’ of the NCC history, the data available at the ATO will only be as good as the information that was reported to it.  As a result, it is strongly recommended that an investigation of the historical NCC amounts be completed using information available from the ATO, but also through software and other records that may be available.

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