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