Bring-forward of non-concessional contributions - first year is 2017/18 or later

In this situation, all years of the bring-forward period occur after 1 July 2017.

The maximum bring-forward non-concessional contribution and bring-forward period will be:

• $300,000 and three years – if the total superannuation balance of the relevant member, immediately before the start of the first year of the bring-forward period, is less than $1.4m; and
• $200,000 and two years – if the total superannuation balance of the relevant member, immediately before the start of the first year of the bring-forward period, is $1.5m or more but less than $1.6m.

If the total superannuation balance immediately before the start of the second or third year (if applicable) of the bring-forward period is $1.6m or more, then no ordinary non-concessional contributions can be made for that financial year.  

However, if the total superannuation balance immediately before the start of the third year of the bring-forward period (where a three year bring-forward period applies), is

• between $1.5m and less than $1.6m – then the member can contribute the remaining unused balance of the bring-forward balance or $100,000 (whichever is the lesser); and
• less than $1.5m – then the member can contribute the remaining unused balance of the bring-forward amount or $200,000 (whichever is the lesser).

Additionally, the SIS contribution acceptance rules must be satisfied in respect of year of the bring-forward period.