Author: QuietGrowth
Keep up to date with the latest rates and contribution limits.
1. Concessional contribution limits
Annual contribution limits for 2016/17 financial year:
| Concessional contributions (before-tax) | |
| Age 49 and over on 30 June 2016 | $35,000 |
| All others | $30,000 |
2. Non-concessional contribution (after-tax) limits
The Government announced in the Federal Budget that from 7.30pm (AEST) on 3 May 2016, non-concessional (after-tax) contribution caps have been replaced with a $500,000 lifetime cap. This cap takes into account all after-tax contributions made since 1 July 2007. It applies to individuals aged up to 75 years.
