SUPER CONTRIBUTION CAPS

Annual contribution caps apply to your super. Contributions in excess of these caps will attract the highest marginal tax rate (plus Medicare levy), currently 46.5%.

Concessional (before-tax) contributions cap

Cap includes: 

• compulsory 9% employer contributions

• employer notional defined benefit contributions

• salary sacrifice contributions

• Self-employed contributions (for which a tax deduction has been claimed)

Contributions are capped to $25,000 per annum. Under transitional arrangements, if you are at least 50 years of age, the limit is higher at $50,000 per annum. The cap will reduce to $25,000 by the 2012-2013 financial years.

Non-concessional (after-tax) contributions cap

Cap includes:

• Voluntary contributions
• Spouse contributions

Contributions are capped to $150,000 per annum. If you are less than 65 years of age, you can ‘bring forward' another two years worth of non-concessional contributions, allowing you to contribute up to $450,000. You will then not be able to contribute for the next 3 years.

For more information or assistance, please call our friendly Member Services team on (03) 9911 3222 (regional callers 1300 300 820) or email us.