As previously announced, the Contribution Caps will increase from 1 July 2021 – with concessional (deductible) contributions increasing from $25,000 to $27,500; and non-concessional (after-tax) from $100,000 to $110,000.
| Concessional (deductible) Contribution Cap from 1 July 2021 |
$27,500 |
| Non-Concessional (after-tax) Contribution Cap from 1 July 2021 |
$110,000 |
| Bring-forward provisions (three-years of contributions) |
Up to $330,000 |
Non-concessional contributions and bring forward provisions are subject to the transfer balance cap – which has increased to $1.7m.
| Total Super Balance as at 30 June 2021 |
Non-concessional contribution cap / bring forward rules |
| $1.7m or more |
$0, no bring forward |
| $1.59m or more, but less than $1.7m |
$110,000, no bring forward |
| $1.48m or more, but less than $1.59m |
$220,000, 2 year bring forward period |
| Less than $1.48m |
$330,000, 3 year bring forward period |
*work test applies to those aged between 65 and 74 years
Click here to learn about other 2021 changes.
