Superannuation Contributions Limit Table

Contribution Caps from 1 July 2019

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

From 1 July 2018, members can make ‘carry-forward’ concessional super contributions if they have a total superannuation balance of less than $500,000. Members can access their unused concessional contributions caps on a rolling basis for five years. Amounts carried forward that have not been used after five years will expire.

The first year in which you can access unused concessional contributions is the 2019-20 financial year.

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

2019-2020

$25,000

$25,000

2018-2019

$25,000

$25,000

2017-2018

$25,000

$25,000

$30,000

$35,000

# Age as at 1 July