From 1 July 2018, if you have a 'total super balance' of less than $500,000 on the previous 30 June and you make or receive  concessional contributions (CCs) of less than the concessional contribution cap of $25,000 pa, you may be able to accrue unused amounts for use in subsequent financial years.

2018/19 is the first financial year you can carry forward unused cap amounts and these amounts can be used from 1 July 2019. Unused cap amounts can be carried forward for up to five years.

You have more than one super account.

• Reduce your paperwork and admin time.
• Keep better track of your super by having it all in one place.
• Pay only one set of fees.

• Weigh up the benefits and features of each of your super funds and make sure you understand any benefits that you have will be lost before you roll over any monies.
• If you wish to claim a tax deduction for any personal contributions you have made, you need to submit a valid 'Notice of Intent' form to your super fund, and receive an acknowledgement from them, before you complete your tax return, start a superannuation pension or withdraw or rollover the money.
• Compare the fees of your super fund(s) and check for exit fees, which may apply when rolling over part or all of your account balance.
• Don't forget your insurance. One or more of your funds may include insurance. Any insurance you have will be lost if you close your account. So before you roll over any monies, make sure you have the appropriate levels of insurance cover. If you have a pre-existing medical condition, consider whether you’ll be eligible for the same level of cover if you lose your existing insurance. You should also compare the cost of equivalent insurance cover in any new and current funds.