Thin‐film tandem photovoltaic (PV) technology has emerged as a promising avenue to enhance power conversion efficiency beyond the radiative efficiency limit of single‐junction devices. Combining a tunable wide‐bandgap perovskite cell with a commercially established narrow‐bandgap cadmium selenium telluride (CdSeTe) cell in a comparatively easy‐to‐fabricate four‐terminal (4‐T) arrangement is a great step in that direction. Here, we investigate the impact of the transparent back contact and the perovskite absorber bandgap on the performance of 4‐T perovskite‐CdSeTe tandem solar cells. We demonstrate 4‐T perovskite‐CdSeTe tandem device architecture with ∽25% efficiency and show a feasible pathway to improve the tandem efficiency to more than 30%. Our results show that the integration of CdSeTe with perovskite in 4‐T tandem PV configurations represents a significant advancement toward achieving higher efficiency and low‐cost tandem PVs.This article is protected by copyright. All rights reserved.