What are Contribution caps in a Self-Managed Superfund?
Starting in July 2024, there will be changes to various superannuation rates and caps including the contribution caps. To ensure you have all the necessary updates at your fingertips, we’ve compiled a detailed table outlining the new parameters.
| Year | Concessional | Non-concessional | Maximum Bring Forward | General Transfer Balance Cap |
|---|---|---|---|---|
| 2024-25 | $30,000 | $120,000 | $360,000 | $1,900,000 |
| 2023-24 | $27,500 | $110,000 | $330,000 | $1,700,000 |
| 2021-22 | $27,500 | $110,000 | $330,000 | $1,700,000 |
