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.
https://www.superguide.com.au/boost-your-superannuation/bring-forward-rule-definitive-guide
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