Hi everyone,
I became an Australian permanent resident and tax resident on 26 July 2025 after immigrating from Hong Kong. I am less than 60 years old and currently have no superannuation balance in Australia.
I would like to make personal deductible (concessional) contributions in the 2025–26 financial year to offset realised capital gains and part-time employment income.
My question is:
Am I eligible to use the carry-forward concessional contributions rule?
That is, can I access any unused concessional contribution cap from the previous 5 financial years (even though I was not an Australian tax resident and had no super fund during those years)?
I understand the rule requires Total Super Balance < $500,000 at 30 June 2025. Since I had $0 at that time, I assume I qualify, but I would like to confirm.
Any official confirmation or experience from other new migrants would be greatly appreciated.
Thank you!
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