Super contribution caps will increase from 1 July 2021

Super contribution caps will increase from 1 July 2021

The ATO has confirmed that, from 1 July 2021, the superannuation concessional and non-concessional contribution caps will be indexed. 

The new caps for the 2021/22 year will be:

  •  Concessional Cap:           $27,500
  • Non-Concessional cap:  $110,000 (or $330,000 over 3 years)

The total superannuation balancelimit that determines if an individual has a non-concessional contributions cap of nil will also increase from $1.6 to $1.7 million, effective from 1 July 2021.