The federal government has dumped the $500,000 cap on after tax contributions.
From 1st July 2017, you will be able to make after tax contributions of $100,000 per year (rather than $180,000). To put more into super in a particular year, you can “bring forward” up to 3 years worth of contributions ($300,000 over 3 years rather than the current $540,000). Consult your financial advisor or visit the government website for full details.
Tags: superannuation