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Contributions caps and taxation of contributions

Concessional contributions cap

Section: 5.1

The concessional contributions cap for 2017/18 is $25,000 per individual per financial year.

From 1 July 2017 there is only one cap that applies to individuals of any age. The concessional contributions cap is indexed to average weekly ordinary time earnings (AWOTE) in increments of $2,500.

For the 2019-20 and later financial years, your concessional contributions cap may be increased if you are eligible for concessional contributions carry forward (see

next section).

The concessional contributions cap applies to the individual. For example, if a member has multiple employers or multiple superannuation funds, contributions from all employers and funds will be totalled to count against the member's concessional cap.

Last modified: Tuesday, January 9, 2018