Budget ’16 changes to superannuation: $500,000 lifetime cap 1 June, 201620 July, 2023 | QuietGrowth Navigate money 29 View Transcript NEWS: Budget ’16: $500,000 Lifetime Cap on After-tax Contributions to Superannuation Person 1: Sorry my sweetie pies, nanna can no longer accumulate intergenerational wealth within a super structure. You better save!