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  SuperannuationContributionsConcessional Contributions      Monday, 17 May 2021  

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Superannuation - Concessional Contributions


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Catch up Concessional Contributions
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Concessional Caps from 1 July 2007
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From 1 July 2007 the concessional contribution limits below apply to the total contributions made on behalf of a person irrespective of whether they are made by multiple employers or unsupported persons.

Year

Under age 49#

Age 49 or more#

2021-2022

$27,500

$27,500

2020-2021

$25,000

$25,000

2019-2020

$25,000

$25,000

2018-2019

$25,000

$25,000

2017-2018

$25,000

$25,000

2016-2017

$30,000

$35,000

2015-2016

$30,000

$35,000

2014-2015

$30,000

$35,000

 

Year

Under age 35 #

Age 35 to 49 #

Age 50 to 74 #

2013-14

$25,000

$25,000 #

$25,000 #

2012-13

$25,000

$25,000

$25,000

2011-12

$25,000

$25,000

$50,000

2010-11

$25,000

$25,000

$50,000

2009-10

$25,000

$25,000

$50,000

2008-09

$50,000

$50,000

$100,000

2007-08

$50,000

$50,000

$100,000


Changes to age cut-offs

Up to 30 June 2013 the age cut-off was based on the age of the member on the last day (30 June) of the relevant financial year.

However from 1 July 2013 the cap increased to $35,000 for individuals aged 59 or more on 30 June of the previous financial year.

And from 1 July 2014 the cap increases to $35,000 for individuals aged 49 or more on 30 June of the previous financial year.

The work test applies to members between the ages of 65 and 74.  For more information about the work test, refer to our separate topic ‘Age and Work Test Restrictions’.

NB! By contrast non-concessional contribution limits are based on the age of the member on the first day (1 July) of the relevant financial year, but the usual Age and Work Test restrictions in SIS Reg 7.04 (1) still apply.  (See ‘Age and Work Test’ link below.)


   
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Some personal contributions will be deemed Non-Concessional
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Maximum Deductible Contribution (MDC) up to 30 June 2007
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This page was last edited on 6 March 2021

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