Super Cap 2024. This cap increases to $120,000 per year from 1 july 2024. Learn about the latest updates to australia’s super contribution caps for 2024 and how these can impact your retirement.
Superannuation is full of thresholds, limits and magic numbers. Caps, limits and tax on super contributions.
The General Concessional Contribution Cap Is $27,500 Per Person For The 2024 Financial Year.
From 1 july 2024, we will see an increase in the concessional contributions cap from $27,500 to $30,000.
Find Out The Caps And Limits On Super Contributions And How They Are Taxed.
For more information please read our fact sheet on contribution limits.
Your Mygov Account Will Show You The Concessional Cap Available To You Each Year.
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From 1 July 2024, The Standard Concessional Contribution Cap Will Increase From $27,500 To $30,000.
Individuals who have a total super balance at 30 june 2024 below $500,000 will have a concessional contribution cap of up to $135,000 in 2024/25.
Superannuation Is Full Of Thresholds, Limits And Magic Numbers.
For more information please read our fact sheet on contribution limits.