SuperGuide

Simple superannuation and retirement planning information

Contributions caps

You can make two types of superannuation contributions to your super fund. You, or your employer, can make concessional (before-tax) contributions to your super fund. You, or your spouse, or the federal government, can make non-concessional (after-tax) contributions to your super fund.

For each type of super contribution there is an annual limit on how much of that type of super contribution can be contributed to your super account/s. If you exceed a certain amount of contributions each year however, any contributions above that cap must be withdrawn from the super account, or penalty tax must be paid.

You have two caps – a concessional contributions cap ($25,000 for the 2017/2018 year, and for the 2018/2019 year), and a non-concessional contributions cap ($100,000 for the 2017/2018 year, or for the 2018/2019 year).

For more information about the annual contributions caps, including how the caps are applied see the following SuperGuide links:

Set out below are all SuperGuide articles referring to Contributions caps.

Bring-forward rule: A definitive super guide

by 26 Comments

Note: The information in this article relates to the 2018/2019 financial year and the 2017/2018 financial year. The bring-forward rule allows an eligible Australian to contribute up to 3 years’ worth of after-tax contributions (non-concessional contributions) in one year, representing the annual non-concessional cap ... Read more

Making super contributions: Aged 65 years or older

by 4 Comments

Q: From reading SuperGuide articles, I can see that since July 2017, there is no longer a special contributions cap for people between 50 and 74 years, but a general concessional contribution cap of $25,000 a year for all age groups. I can also see that for non-concessional contributions, the cap is now $100,000. Is ... Read more

Excess contributions rules: A quick summary

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If you plan to make superannuation contributions to a super fund, you need to be mindful of the contributions caps for both concessional (before tax) contributions and for non-concessional (after-tax) contributions. You also need to understand the financial (or other) consequences of exceeding those contributions ... Read more

Boost your super: 10 planning tips for 2018/2019 year

by 1 Comment

Although many people are still grappling with the superannuation changes that took effect from July 2017, and several more that took effect from July 2018, it’s important to note that many of the underlying super rules remain unchanged. For example, the Superannuation Guarantee (SG) rates remain the same, contributions ... Read more