The Contributions Cap screen in Class allows tracking contribution caps and Total Superannuation Balance (TSB) for each member.

Navigate to Fund Level > Members > Contribution Caps

This page consists of a tab for each member of the fund.

Summary Current Year Contributions

1. Select the related financial year from Financial Year drop down menu
2. Select a member from the member tab
3. Total Superannuation Balance for the previous financial 30 June
4. Contribution Caps will display for the selected financial year
5. Cumulative Available Unused Cap will display if applicable
6. Contributions made (to this fund) will display if applicable
7. Enter any applicable Contributions made (to other funds) 
8. Contributions as allocated will display: Contributions as allocated is the sum of the Caps for the selected financial year and Cumulative available unused cap net of Contribution made to this fund and Contribution made to other funds
9. Any amounts above the caps will display if the sum of the Contribution made to this fund and to other funds is greater than the sum of the Caps for the selected financial year and Cumulative available unused cap 
10. Available Total will display if the amount of Contributions as allocated is greater than the amount above caps
    
    
    

Carry Forward Unused Concessional Contributions Cap

From 1 July 2018, individuals were able to start carrying forward (catch-up) unused concessional contributions to increase contribution caps in later years, where the member had a Total Superannuation Balance less than $500,000 as at the previous 30 June. The first year individuals can use and contribute the carry forward unused concessional contributions is in 2019/20 financial year. You are able to view each individual's unused concessional contributions cap space on a rolling basis for five years.

1. The summary view will display by default showing the Cap & Unused amounts for up to 5 financial years
2. Click 'Details ->' to view more information or <-Hide to see less
3. Cap: Concessional contribution cap for the relevant financial year
4. Made: Concessional contributions made for the relevant financial year by the member
5. Unused: The difference between cap and made column for the relevant financial year
6. Utilised: The amount of utilised concessional contribution cap applied for the relevant financial year. This is always shown as a negative number. Utilised amounts are applied against the earliest available financial years first
7. Unused Amount: The unused concessional contribution cap for the relevant financial year
   The tooltip shows the expiring date of the unused amount when you hovering over the icon
8. Subtotal: The subtotal of unused concessional contribution caps. This will be shown even if the member's Total Super Balance exceeds $500,000 as at the previous 30 June
9. Total Superannuation Balance at 30 June of the previous financial year: The total superannuation balance at 30 June of the financial year immediate before the selected financial year
10. Cumulative available unused cap for the selected financial year: This reflect the amount in the Subtotal or $0 depending on if a user is above or below the $500,000 TSB for the previous 30 June

Non-Concessional Contribution Bring-forward Status

To trigger the bring-forward rule for prior years select the relevant year from the drop-down menu and click on the appropriate radio button as shown below.

1. unknown status is the default status unless changed
2. was NOT triggered in 20##/## or 20##/##" if the member did not trigger bring forward rule
3. Select "was triggered 20xx/20xx from either previous financial years displayed if triggered in these dates
4. Enter the Total non-concessional contributions in previous years amount
   
   

To ensure the NCC bring forward amount is correctly reflected for subsequent years, select a member, select the financial year after bring forward rule was triggered, click on “Select”, scroll down click on "Edit", click on "Calculate from previous year" (Total non-concessional contributions in previous years gets auto-populated), click "Submit".

Total Super Balance

The 'total superannuation balance' (TSB) commenced from the end of 30 June 2017 and is a way to value individuals' total super interests on a given date. It is important to keep track of the member's total superannuation balance as at 30 June from all sources. The TSB section will become visible for 2017-18 or a later financial year is selected.

1. Enter only as a positive figure under the External field if applicable
2. Enter only as a positive figure under the External field if applicable
3. Enter as either a positive or negative figure under the Adjustment field if applicable (An example of positive adjustment can be Excess Transfer Balance earnings, an example of negative adjustment can be structured settlement (personal injury) contribution made to an external super fund)
4. Click on the link 'Back to top' to bring you to the Current Year Contributions summary table.
   
   

If a contribution reserve strategy was implemented outside of Class before the fund was loaded, you may add unallocated contribution as "external" super balance, in order for this amount to be included for TSB purpose.

Concessional Contributions Reported in Previous Year(s)

To keep track of the unused concessional contributions carry forward amounts for members of a take-on fund, record the concessional contributions reported to the ATO for the previous relevant financial years as shown below.

Do not include any excess amount that has been treated as Non-concessional contributions or refunded to the member.  

What's Next?

Check Member Console to see changes made