We summarise some of the key superannuation rates and thresholds for the upcoming financial year:

Contributions

Concessional contributions cap

$25,000

Non-concessional contributions cap

$100,000*

CGT cap amount

$1,480,000

Super guarantee percentage

9.5%

Maximum contribution base (per quarter)

$54,030

* 300,000 for a “bring forward” arrangement

Government co-contributions

Lower income threshold

$37,697

Higher income threshold

$52,697

Superannuation payments

Lump sum low rate cap

$205,000


Untaxed plan cap

$1,480,000

ETP cap amount

$205,000

Genuine redundancy and early retirement payments – tax-free amounts:

  • base amount

$10,399

  • service amount

$5,200

Pension cap

General transfer balance cap

$1,600,000

Defined benefit income cap

$100,000

“Total superannuation balance” threshold

$1,600,000