Bring-forward rule:

  • For non-concessional contributions
  • Bring forward 3 years worth of caps in advance
  • Condition: super balance < $1.4mil
  • Instead of contributing max $100,000 per year, you can bring forward the next 2 years cap and contribute max $300,000 this year.Ā 

Carry-forward rule:

  • For concessional contributions
  • Starting from FY2019, any unused concessional super cap of $25,000 per year will be carried forward to next financial year.
  • Condition: super balance < $500k
  • Eg: In FY2021, if there is no super contribution before, you can contribute max $75,000 by using caps combined from FY2019 to FY2021.
  • Condition: cap expires in 5 years