Sometimes it’s possible to make a larger contribution above the general limits (the concessional and non-concessional contributions caps).
Making a larger before-tax (concessional) contribution
The combined amount of concessional contributions you can make in a year is $27,500. However, if you haven’t used your total cap in a previous financial year, it may be possible to carry across the unused amount for up to five years. This would allow you to make a larger concessional contribution.
For example, if your concessional contributions totalled $20,000 last financial year you may be able to use that extra $7,500 to increase your concessional contributions cap for this financial year to $35,000.
Can I make a larger concessional contribution?
Making a larger after-tax (non-concessional) contribution
The combined amount of non-concessional contributions you can make in a year is $110,000. However, depending on your age and super balance, you may be able to bring forward future years of your non-concessional contributions cap to make a large contribution of up to $330,000 in a single year.
Can I make a larger non-concessional contribution?