Re Mills v FCT – post-Ward’s case but still no “special circumstances” to remit excess super tax – UK pension into another fund, a year later than intended, pushed the $180k contribution over the limit without the fund knowing
The AAT has confirmed that there were no “special circumstances” to permit the Commissioner to exercise his discretion to remit excess contributions tax (ECT) of some $30,000 imposed on the taxpayer. This was despite the fact that the taxpayer received an email from his superannuation fund that he had not exceeded the non-concessional contributions limit…