Q: I understand the bring-forward strategy, which allows up to $330,000 or three years after tax contributions (3 times $110,000) to be made in a single year, or alternatively, various amounts up to $330,000 over a three-year period. If you take this up but contribute, say, only $300,000, so $30,000 short in the three years, then in year four, are you able to contribute after tax of $110,000 plus the $30,000 shortfall from years one to three?
About the author
Garth McNally
Garth has worked in the Australian Superannuation industry for over 20 years with a specific focus on self-managed super funds. He provides ongoing support and training to individuals as well as to professionals working in the superannuation area, including advisers, accountants and lawyers. He is a regular contributor to industry publications and to the leading professional bodies including Chartered Accountants Australia & New Zealand (CA ANZ).
Learn more about super contributions strategies in the following guides:
Related topics
Contributing to super How super worksRelated features
Superannuation Q and AsIMPORTANT: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions. Comments provided by readers that may include information relating to tax, superannuation or other rules cannot be relied upon as advice. SuperGuide does not verify the information provided within comments from readers. Learn more