There are limits on the super contributions you can make to your super fund each year depending on the type of contribution you make.

  • Concessional contributions – $25,000 pa
  • Non-concessional contributions – $100,000 pa

Can we hyperlink concessional and non-concessional to the previous question??

The concessional contributions cap is currently $25,000 pa, unless you’re eligible to make carry-forward contributions. Carry-forward contributions allow you to carry-forward any unused concessional contributions cap in any financial year for the next five years.

The cap for non-concessional contributions is currently $100,000 pa, unless you are eligible to use the bring-forward rule. The bring-forward rule allows you to bring-forward the next three years of your annual non-concessional contributions cap into the current financial year, meaning you can contribute up to $300,000 without exceeding the cap.

Posted on 15/05/2020