ATO’s incorrect excess NCC determinations

by

Ed.

From www.professionalplanner.com.au: Mistakes by the Australian Taxation Office have led to clients receiving incorrect letters regarding excess non-concessional contributions, causing panic and increased workload for financial advisers.

There have bee reported instances where clients were incorrectly notified of owing significant amounts due to miscalculations related to their superannuation contributions.

Filed under: Tax Office