HomeSMSF NewsExcess Concessional Contribution charge explained

Excess Concessional Contribution charge explained

An excess concessional contribution (ECC) charge is applied to the additional income tax liability arising as a result of having excess concessional contributions included in your tax return.

The intent of this charge is to acknowledge that the tax is collected later than normal income tax.

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Diana Morris founded The SMSF Accountant in 2010. Diana is a member of both CPA Australia and Chartered Accountants Australia and New Zealand and an affiliate of The Tax Institute. She holds a current public practice certificate, and is a registered tax agent. Diana has completed a Bachelor of Commerce degree and a Graduate Diploma of Chartered Accounting.