Contribution Caps from 1 July 2017
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.
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.
Under age 49#
Age 49 or more#
# Age as at 1 July