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Key tax and superannuation thresholds

Contributions caps

Section: 3.6

This section does not include all the contributions caps. Please see Chapter 17 for more information.

Concessional contributions cap

Income year Amount of cap 
2016-17 $30,000/$35,0001

1. Higher cap applies for clients aged 49 or over at 30 June in previous financial year

Note: The CC cap is proposed to be reduced to $25,000 for all individuals from 1 July 2017. It is also proposed that individuals with balances of $500,000 or less will be able to carry-forward any unused CC cap for up to 5 years from 1 July 2018. Not yet law at the time of writing.

Non-concessional contributions cap

Income year Amount of cap 
2016-17 $180,000/$540,0002

2 People under age 65 at any time in the financial year may effectively bring forward two years' worth of non-concessional contributions, allowing them to contribute $540,000 at any time over a three-year period without exceeding the cap, with the amount depending on the first financial year in which they trigger the bring-forward rule;

i.e. if a person has invoked the 'bring forward rule' in a particular financial year, their non-concessional cap will remain at three times the non-concessional cap in that first year.

Note: The $500,000 lifetime cap is now scrapped as a policy and will be replaced with an annual cap (subject to legislation), to take effect from 1 July 2017. The current $180,000 after-tax cap, and the 3 year $540,000 bring-forward cap will remain until 30 June 2017. This would be replaced with an annual $100,000 non-concessional cap (subject to legislation). The start date for the annual non-concessional cap is 1 July 2017.

Lifetime CGT cap

Income year Amount of cap 
2016-17 $1.415 million

Note: The CGT cap is a lifetime limit and is indexed annually and rounded down to the nearest $5,000. See section 5.6 for more information.

Last modified: Tuesday, May 2, 2017