🤓 Xplan Hint: Tracking Super Contributions

Did you know that there is an element that summarises Super Contributions.  It gives you a clear and consolidated view of your client's superannuation contributions, making tracking and compliance easier than ever.

Key Features at a Glance

• Tracking: The element calculates the total sum of concessional (CCs) and non-concessional contributions (NCCs) for each financial year.
• Historical Data: Contribution tracking starts from the 2018/2019 financial year onwards.

How the Data is Calculated

The contribution figures are calculated based on the data entered in the Contributions tab within the superannuation plans.

Flexibility and Compliance Details

Manual Overrides: You have the option to manually override the calculated figures for both CCs and NCCs if needed. This is done via the Edit screen for the specific financial year. While in the Edit screen you can also capture:

• Total Super Balance (TSB)
• Refunded Excess CCs
• Refunded Excess NCCs

Notes and Document linking

You can link a Note to easily consolidate all relevant documents/statements for each financial year's contributions in one place, which helps keep all relevant information organized.

Xtools/Xtools+ Contribution Cap Calculations 

The Super Contribution Summary is about to get even more powerful! Contribution cap data will be imported into the following Xtools: Xtools+, Optimiser, Retirement Funding, TTRAP and Lifestyle Goals.

Cap Calculations

Xplan will calculate your client's Personal Concessional and Non-Concessional Cap data by leveraging the existing Contribution Summary information.

• Concessional Contributions (CCs): The system will calculate your client's unused and used concessional cap for each financial year, using previous eligibility for the carry-forward rule.
• Non-Concessional Contributions (NCCs): The system will determine the financial year in which your client has triggered the bring-forward rule.

If you can't see the Contribution Summary on your Xplan site, reach out to your site administrator to have it added to the interface.

For more information refer to this Community article