Hi everyone,
I’m hoping to get some general guidance around personal concessional super contributions and how the carry-forward rules apply.
From my understanding, the concessional contributions cap for the 2025–26 financial year is $30,000. However, I also understand that if you have unused concessional cap amounts from previous years (within the 5-year window), you may be able to contribute more than the standard annual cap.
In my situation, I have a significant amount of unused concessional cap carried forward from prior years, and I’m considering making a larger personal contribution (e.g. $60,000) and submitting a notice of intent to claim a tax deduction.
My questions are:
- Would I be able to claim the full amount (e.g. $60,000) as a tax deduction if it falls within my available unused cap?
- Or is the tax deduction still limited to the current year’s cap of $30,000, with the excess treated differently?
- Are there any common pitfalls or eligibility criteria I should be aware of before making this contribution?
I understand that responses here are general in nature, but I’d really appreciate any clarification or direction so I can make a more informed decision.
Thanks in advance!
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