Jay earns $100,000pa. Earlier this financial year he bought $17,500 in FMG shares which are now valued at $28,000 and he is considering contributing these shares to his SMSF. In the previous two Financial Years, Jay made $24,000 and $25,000 of Concessional contributions to Superannuation respectively.

Should Jay contribute these shares as a concessional or non-concessional contribution or a contribution of both. And what are the CGT consequences of making such a contribution? (include Medicare Levy in tax calculations)