Super Contributions
Concessional contributions cap: $30,000
Non-concessional contributions cap: $120,000
Non-concessional contributions cap bring forward and total super balance
- Total super balance: 3 year bring forward <$1.76m
- Total super balance: 2 year bring forward $1.76m to $1.88m
- Total super balance: 1 year only $1.88m to $2.0m
- Total super balance where cap is nil: $2.0m or more
Lifetime CGT cap: $1.865m
Co-contribution
- Lower income threshold: $47,488
- Upper income threshold: $62,488
Super guarantee rate: 12%
- Maximum contributions base (per qtr.): $62,500
Super Benefits
Untaxed plan cap: $1.865m
General transfer balance cap: $2.0m
Defined benefit income cap: $125,000
Employment Termination Payments
Employment Termination Payment cap: $260,000
Genuine redundancy:
- Tax free base amount: $13,100
- For each completed year of service: $6,552
Disclaimer and Warning
The information above is of a general nature only. It should not be used as a source to make financial decisions. It’s also important to note that the legislation and figures related to this topic tend to change regularly and therefore the information above may not reflect the current status. We recommend that if you are looking for advice on this matter, you should contact us.