Superannuation contribution caps (2015/16 financial year)
| Contribution type | Annual cap | Tax on entry |
|
| Concessional – standard capConcessional – temporary cap | $30,0001 | 15%3 | |
| $35,0001 | |||
| Non-Concessional | $180,0002 | Nil |
1 Clients aged 49 or over on the 30th June 2015 will have a higher contribution cap of $35,000 for the 2015/2016 financial year.
2 Individuals aged less than 65 at any stage during the financial year in which the contribution is made can bring forward future entitlements to an amount equal to 3 times the non-concessional cap (ie $540,000 over 3 years for the 2014/15 financial year). However, if contributions are made after turning age 65, the member must actually have satisfied the 40/30 work test in the year contributions are made (except for mandatory contributions eg SGC).
3 Clients earning greater than $300,000 in adjusted taxable income will pay an extra 15% tax. Please see the Superannuation Contributions Cap Guide for full details
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