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  • Carry-forward concessional contributions of unused caps over five years

    From 1 July 2018, members will be able to make 'carry-forward' concessional super contributions if they have a total superannuation balance of less than $500,000. They will be able to access their unused concessional contributions cap space on a rolling basis for five years. Amounts carried forward that have not been used after five years will expire.

    The first year in which you can access unused concessional contributions is the 2019–20 financial year.

    The intent of this change is to improve the flexibility of the super system.

    Summary of impacts for self-managed super funds

    • Release authorities will remain paper-based.
    • Funds will now send monies to us.
    Last modified: 22 Feb 2017QC 51303