Which statement incorrect in respect of total superannuation

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Reference no: EM132757350

Problem 1: Which of the following statements is INCORRECT in respect of the total superannuation balance?

Select one:

a. If your total superannuation balance is $1.6 million or more, you are no longer able to make non-concessional contributions.

b. If you are under the age of 67 you will always be able to make non-concessional contributions, regardless of your total superannuation balance.

c. If your total superannuation balance is $1.6 million or more, you are not eligible for the government co-contribution.

d. If your total superannuation balance is $500,000 or more, you cannot benefit from the new carry forward concessional contributions which are available from 1 July 2018.

Reference no: EM132757350

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