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If you choose robot, Pathfinder will take advantage of any unused concessional cap as long as:
- The individual has enough cash to do so
- At the Retirement planning step, you have not set concessional contributions to be lower than the cap
Including the unused concessional cap carry forward rule
Pathfinder will take advantage of the unused concessional cap carry forward rule as long as the individual has enough cash to do so, it will maximise the net wealth at the end of the analysis, and the options described in the table below have set.
|Enter the unused concessional cap from previous years|
|Make sure you have allowed Pathfinder to include this rule for the individual|
|Allow concessional contributions|
|Where to see the unused concessional cap in the results|
In the results, you can see if the unused concessional cap is used in the following places:
Excluding the unused concessional cap carry forward rule
Excluding the unused concessional cap carry forward rule means that Pathfinder will only stick to the annual concessional cap. This may be useful if Pathfinder is holding off making contributions to take advantage of future changes in tax brackets or there is a personal reason to not use the cap (e.g. you do not want to make such high contributions).
|For the individual, don't allow the unused cap|
|(Optional) Check the unused concessional cap from previous years|
Values filled in at the Unused concessional contributions cap (at the Current situation > Personal details step) will be ignored if the 'Allow carry forward of unused concessional cap' field is set to 'No'. So if you have entered values, then you can leave them (they might be useful if you want to include this rule in another scenario). If you have not entered any values, then it won't affect the calculations either.
|Check the results||In the results, the value of unused concessional cap may be mentioned, however the actual contributions will keep to the annual cap.|