ATO updates online services for recontribution of COVID payments
The ATO has made updates to online services to enable funds to report recontributed amounts by members who had received COVID early release amounts from their super.
In an online CRT Alert, the ATO reminded members and tax professionals that from 1 July 2021 to 30 June 2030, individuals can recontribute amounts they withdrew under the COVID-19 early release of super (ERS) program without them counting towards their non-concessional cap.
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