Update: note the potential changes announced in the 2016 Budget.
The three-year bring-forward provision allows some super fund members to use three times the non-concessional contributions cap during a three-financial year period. For example, a member may have a $ 150,000 non-concessional contributions cap, and they could make the following contributions without triggering excess contributions tax:
- Year 1: $ 200,000
- Year 2: $ 200,000
- Year 3: $ 50,000
- Year 1: $ 450,000
- Year 2: $ 0
- Year 3: $ 0
Though, of course, not the full amount of the three-year bring-forward needs to be used once triggered.