The ATO has finalised its approved form to be used by individuals to notify their super fund of re-contributions of COVID-19 early release amounts. Since 1 July 2021, individuals have been able to re-contribute super amounts they withdrew under the COVID-19 early release program without them counting towards their non-concessional contributions cap.
The ATO approved form (NAT 75394) only needs to be used by individuals making personal contributions to be treated as a COVID-19 re-contributions that will not be counted towards their non-concessional cap. The form must be provided to the individual’s super fund on or before the time when the contribution is made. The super fund will then report COVID-19 re-contributions to the ATO. [LTN 173, 8/9/21]