For personal and spouse contributions (non-concessional contributions):
Anyone under the age of 75 can contribute up to $120,000 per year (from 1 July 2024) into super (or can contribute up to $360,000 in one year under the 'bring forward' rule –see below).
The bring forward rule allows you to bring forward any unused non-concessional cap amounts for up to a total of three financial years. E.g. You can choose to forego making personal contributions for the following two financial years after making your original contribution (i.e. $120,000 for year 1 + $120,000 for year 2 + $120,000 for year 3 = $360,000).
The amount you can bring forward is determined by how much you currently have in super as set out in the table below.
Total Super Balance At 30 June Prior To Financial Year
| Contribution And Bring Forward Available
|
Less than $1.66 million
| 3 years ($360,000)
|
At least $1.66 million but less than $1.78 million
| 2 years ($240,000)
|
At least $1.78 million but less than $1.9 million
| 1 year ($120,000)
|
At least $1.9 million
| Nil
|
Exceeding the $1.9 million threshold is allowable if you make a contribution using the bring forward rule as shown above, but no further after-tax contributions can be made once your total super balance is above that $1.9 million threshold.