Small business CGT Cap Contribution
When you sell a small business and use a CGT concession (the retirement exemption or the 15-year exemption), you can contribute eligible proceeds to super under the lifetime CGT cap. In Canwi, add a CGT Cap Contribution event for the year of the contribution, choose who is contributing and which fund receives it, select the concession you are relying on, and set either Max Cap (use remaining room) or a fixed amount. These contributions sit outside the usual annual non-concessional contributions rules and are not blocked by Total Super Balance.
The lifetime CGT cap is shared by both concessions and is indexed over time. The retirement exemption also has its own lifetime limit of $500,000, so retirement-exemption contributions are limited by whichever is lower: remaining CGT cap or remaining retirement-exemption room. The 15-year exemption can use remaining CGT cap without that separate $500,000 limit, but it still draws from the same shared CGT cap balance.
Important!
Canwi does not check ATO eligibility for you (e.g. we do not check that you have owned the business for more than 15 years for the 15-year exemption); turning on the attestation confirms that you meet the concession requirements.