How much can he contribute under each option

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Reference no: EM133505532

Question: Jun is 60 years old and has a current super balance of $550,000. He has just inherited a large sum of money and is looking to boost his overall superannuation balance for retirement. He has $650,000 in cash and would like to put as much as possible into his super fund. Jun is single and intends to continue working until at least age 65. His current salary is $85,000 per year.

a) What options does Jun have to contribute to boost his super balance?

b) How much can he contribute under each option?

Reference no: EM133505532

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