Concessional contributions cap
Concessional contributions cap

Concessional contributions cap

Concessional contributions include:

  • employer contributions (including contributions made under a salary sacrifice arrangement)
  • personal contributions claimed as a tax deduction.

If you have more than one fund, all concessional contributions made to all of your funds are added together and counted towards the concessional contributions cap.

Table 1.1: Concessional contributions caps
Income yearDateYour age at this dateYour concessional contribution cap
2019–20 All ages$25,000
2018–19 All ages$25,000
2017–18 All ages$25,000
2016–1730 June 2016<49$30,000
2016–1730 June 201649+$35,000
2015–1630 June 2015<49$30,000
2015–1630 June 201549+$35,000
2014–1530 June 2014<49$30,000
2014–1530 June 201449+$35,000
2013–1430 June 2013<59$25,000
2013–1430 June 201359+$35,000

Excess concessional contributions from 2013–14 onwards are included as taxable income, taxed at the marginal tax rate plus an excess concessional contributions charge

Table 1.2: Concessional contributions caps
Income yearDateYour age at this dateYour concessional contribution cap
2012–13 All ages$25,000
2011–1230 June 2012<50$25,000
2011–1230 June 2012+50$50,000
2010–1130 June 2011<50$25,000
2010–1130 June 2011+50$50,000
2009–1030 June 2010<50$25,000
2009–1030 June 2010+50$50,000
2008–0930 June 2009<50$50,000
2008–0930 June 2009+50$100,000
2007–0830 June 2008<50$50,000
2007–0830 June 2008+50$100,000

For 2012–13 and earlier years, excess concessional contributions were taxed at 46.5% (15% levied in the super fund, with an additional 31.5% payable).

Unused concessional cap carry forward

From 1 July 2018 if you have a total superannuation balance of less than $500,000 on 30 June of the previous financial year, you may be entitled to contribute more than the general concessional contributions cap and make additional concessional contributions for any unused amounts.

The first year you will be entitled to carry forward unused amounts is the 2019–20 financial year. Unused amounts are available for a maximum of five years, and after this period will expire.

Table 2: Unused concessional cap carry forward
Description2017–182018–192019–202020–212021–22
General contributions cap$25,000$25,000$25,000$25,000$25,000
Total unused available cap accruedNot applicable$0$22,000$44,000$69,000
Maximum cap available$25,000$25,000$47,000$25,000$94,000
Superannuation balance 30 June prior yearNot applicable$480,000$490,000$505,000$490,000
Concessional contributionsnil$3,000$3,000nilnil
Unused concessional cap amount accrued in the relevant financial year$0$22,000$22,000$25,000$25,000

Note: This Table assumes no indexing of general cap.

Non-concessional contributions cap

Non-concessional contributions include personal contributions for which you do not claim an income tax deduction.

If you have more than one fund, all non-concessional contributions made to all of your funds are added together and counted towards the non-concessional contributions cap.

Table 4: Non-concessional contributions cap
Income yearAmount of cap
2019–20$100,000 see Note 1
2018–19$100,000 see Note 1
2017–18$100,000 see Note 1
2016–17$180,000
2015–16$180,000
2014–15$180,000
2013–14$150,000
2012–13$150,000
2011–12$150,000
2010–11$150,000
2009–10$150,000
2008–09$150,000
2007–08$150,000

Note 1: The non-concessional cap for an income year is a multiple of the concessional contributions cap.

From 1 July 2017, your non-concessional cap is nil – for a financial year – if you have a total superannuation balance greater than or equal to the general transfer balance cap ($1.6 million) at the end of the previous financial year. In this case, if you make non-concessional contributions in that year, they will be excess non-concessional contributions.

If you are under 65 years old, you may be able to make non-concessional contributions of up to three times the annual non-concessional contributions cap in a single year. If eligible, when you make contributions greater than the annual cap, you automatically gain access to future year caps. This is known as the ‘bring-forward’ option.

From 1 July 2017 your total superannuation balance at the end of the previous financial year will determine:

  • the non-concessional contributions cap you can bring forward and
  • whether you have a two-year or three-year bring-forward period.

If you enter a bring forward arrangement in either the 2012–13 or 2013–14 financial year you will be locked into a $450,000 cap over three years; however in the 2014–15 financial year your bring forward cap is $540,000.

From 1 July 2017 the bring-forward amount and period is dependent on your total superannuation balance on the day before the financial year contributions that trigger the bring forward.

Transitional period transitional arrangements apply if you triggered a bring forward in either the 2015–16 or 2016–17 financial years. If you have triggered a bring forward before 1 July 2017 and you have not fully utilised your bring-forward cap before 1 July 2017, your cap will be reassessed on 1 July 2017 to reflect the new annual cap.

During the transitional periods (highlighted in the following table), contributions made prior to 1 July 2017 will affect your total non-concessional contributions capacity over the following two years.

During the transitional periods, contributions made prior to 1 July 2017 will affect your total non-concessional contributions capacity over the following two years.

CGT cap amount

Under the CGT cap, you can during your lifetime exclude non-concessional super contributions from the non-concessional contributions cap up to the CGT cap amount. The CGT cap applies to all excluded CGT contributions, whether they were made between 10 May 2006 and 30 June 2007 or after 30 June 2007.

Table 6: CGT cap amount
Income yearAmount of cap
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

The CGT cap amount is indexed in line with average weekly ordinary time earnings (AWOTE), in increments of $5,000 (rounded down). The new indexed amount is generally available each February.