Superannuation Contributions Limit Table

Contribution Caps from 1 July 2017

Age

Non-concessional contribution limit (1)

Under 65 years old on 1 July of the year

$100,000 per annum or $300,000 if averaging over 3 years, provided the contributions are made prior to turning age 65. Otherwise the work test must be satisfied.

Age 65-74 years old on 1 July of the year

$100,000 per annum – but only if you satisfy the work test.

 

The Bring Forward Rule

For the 2017/18 financial year if the member’s total superannuation balance (TSB) on 30 June 2017 is $1.6 million or more non-concessional contributions cannot be made. In addition, where the TSB is $1.4 million or more the ‘bring forward’ non-concessional contribution limit will reduce.

 

Concessional Caps

The concessional contribution limits below apply to the total contributions made on behalf of a person irrespective of whether they are made by multiple employers or unsupported persons.

 

Year

Under age 49#

Age 49 or more#

2017-2018

$25,000

$25,000

2016-2017

$30,000

$35,000

2015-2016

$30,000

$35,000

# Age as at 1 July