New Rates and Thresholds for Superannuation Caps

New Rates and Thresholds for Superannuation Caps

Concessional contributions general cap
Income year	Amount of general cap
2014-15	$30,000
2013–14	$25,000

Concessional contributions cap for those aged 59 years or over on 30 June 2013 and those aged 49 years or over on 30 June 2014
Income year	Cap for those aged 59 years or over on 30 June 2013	Cap for those aged 49 years or over on 30 June 2014
2014–15	$35,000	$35,000
2013–14	$35,000	$25,000

 

Non-Concessional Superannuation Cap (for personal after tax super contributions)

Threshold increase from $150,000 to $180,000 from 1 July 2014.

Superannuation Percentage

Due to increase from 9.25% to 9.50% from 1 July 2014, however there is currently legislation before Parliament that may pause this increase.

Maximum Contribution Base

Currently this is $48,040 per quarter; from 1 July 2014 it will be $49,430 per quarter.