Superannuation Contribution Limits 2021-22

In brief:

  • Concessional contributions cap: $27,500
  • Non-concessional contributions cap (4x multiple of concessional cap): $110,000
  • CGT Cap (non-concessional contributions): $1,615,000

On this page:
Concessional Contribution Caps
Work Test
Non-concessional Contribution Caps
CGT Caps
Transfer Cap

Overall contribution limits for both concessional and non-concessional contributions were capped at lower levels from 1 July 2017.

Concessional Contribution Caps

2021-22: $27,500
2020-21: $25,000
2019-20: $25,000

Non-concessional Contribution Caps

Year Annual Limit Transfer Balance Cap
2021-22 $110,000 $1,700,000
2020-21 $100,000 $1,600,000
2019-20 $100,000 $1,600,000

From 1 July 2017 bring forward arrangements for unused non-concessional cap contributions are available for under 65 year olds.

CGT Non-concessional Contributions Cap

A small business retirement CGT-exempt amount contributed to a super fund can by election can be excluded from the non-concessional contributions cap and counted towards the superannuation CGT cap.

Year – Cap

2021-22: $1,615,000
2020-21: $1,565,000
2019-20: $1,515,000
2018-19: $1,480,000
2017-18: $1,445,000
2016-17: $1,415,000
2015-16: $1,395,000
2014-15: $1,355,000
2013-14: $1,315,000
2012-13: $1,255,000
2011-12: $1,205,000
2010-11: $1,155,000
2009-10: $1,100,000
2008-09: $1,045,000
2007-08: $1,000,000

Work Test:

Since 1 July 2020 individuals under the age of 67 (previously 65) have been able to make voluntary superannuation contributions without needing to meet the Work Test.

The Work Test requires an individual to work at least 40 hours in 30 consecutive days in the financial year to be eligible to make non-mandated concessional or non-concessional contributions, subject to the individual’s transfer balance cap.

Transfer cap

The transfer cap is a ceiling total superannuation balance which is applied to limit some superannuation concessions. The cap was set at $1.6 million as at 1 July 2017 and is indexed annually subject to increments of $100,000.

The cap is the maximum amount which can be transferred into tax-free pension status.

Super balances accumulated in excess of the cap can remain in the accumulation fund with earnings generally taxed at the normal fund rate of 15%.

Further information

 

This page was last modified 2021-03-31