So, if $10,000 went into your super last financial year, this financial year you could put in $25,000 plus last year’s unused $15,000.
However, take care!
The rules only apply to unused contribution caps starting from the 2018-19 financial year.
There are many eligibility and threshold tests throughout the superannuation system.
So, obtain advice and consider regular conversations about life insurance, superannuation, retirement, etc.
The advice provided is general advice only as, in preparing it we did not take into account your investment objectives, financial situation or particular needs. Before making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your particular investment needs, and objectives. You should also consider the relevant Product Disclosure Statement before making any decision relating to a financial product.