Unused Super Contributions

The carry-forward rules are often overlooked by eligible individuals who do not use the full amount of their concessional contributions (CCs) cap in a particular financial year.

The general Concessional Contributions (CCs) cap increased from $25,000 to $27,500 on 1 July 2021, and careful use of the carry-forward rules may provide additional tax and retirement planning opportunities. 

 

Carry-forward rules recap 

An individual must satisfy the following conditions to use their unused CCs cap amounts: 


 

  • their total superannuation balance (TSB) is less than $500,000 at 30 June of the prior financial year, and

     
  • they have unused CCs cap amounts in years commencing 1 July 2018 for one or more of the previous five years 

 

These could benefit eligible individuals who may encounter financial windfalls, such as gains on personal investments, or inheritance.

 

 

 

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