The recent big news is that the federal government has dumped the $500,000 cap on after tax contributions.

In brief, the new deal effective after 1st July 2017 will be that you will be able to make after tax contributions of $100,000 per year (rather than $180,000).

If you have more to put into super in a particular year, you can “bring forward” up to 3 years worth of these contributions, albeit $300,000 over 3 years rather than the current $540,000 ($180,000 X 3).

You should consult your financial adviser or accountant, or visit the ATO website for full details.