superannuation contribution cap

Super Contribution Caps Will Increase from 1July 2021 | Taxwise Australia | (08) 9248 8124

Super Contribution Caps Will Increase From 1 July 2021

By Warren Kruger / May 2, 2021 / 0 Comments

  | | | 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 balance limit that determines if an individual has […]

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