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Fund-capped contributions

Section: 2.20

Fund-capped contribution rules ceased on 1 July 2017. Prior to 1 July 2017, some member contributions had been classified as fund-capped contributions, and if a single fund-capped contribution exceeded a member's fund cap, the excess had to be refunded. For 2016-17, the fund-capped contribution limits cap was $180,000 if the member was age 65 or over at 1 July 2016 and $540,000 if the member was age 64 or under.

Last modified: Tuesday, July 23, 2019