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  • CRT Alert 083/2018

    22 November 2018

    Expected increase in ECC determinations

    Following the scheduled system upgrades for the 2017–18 financial year, the ATO will commence issuing determinations for excess concessional contributions (ECC) from next week.

    We will be issuing a higher volume of excess concessional contribution determinations than in previous years, predominantly because the concessional contributions cap has reduced down to $25,000 for all clients. Determinations for clients with a constitutionally protected fund or defined benefit fund will issue at a later time.

    Funds should be prepared for increased levels of calls and engagement from clients and should anticipate that they are likely to receive a higher volume of release authorities to be actioned.

    We expect determinations for excess non-concessional contributions and assessments for Division 293 to begin issuing throughout December. We will provide a further alert closer to this time.

    See also:

      Last modified: 27 Nov 2018QC 57485