Superannuation Concessional And Non-Concessional Contribution Caps To Be Indexed

From 1 July 2021, the superannuation concessional and non-concessional contribution caps will be indexed.

The new caps for the 2021/22 year will be:
• Concessional Cap: $27,500
• Non-Concessional Cap: $110,000 (or $330,000 over three years)

The total superannuation balance limit that determines if an individual has a non-concessional contributions cap of nil will also increase from $1.6 to $1.7 million, effective from 1 July 2021.

https://www.ato.gov.au/rates/key-superannuation-rates-and-thresholds/

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