Concessional contributions cap

Concessional contributions include:

  • employer contributions (including contributions made under a salary sacrifice arrangement)
  • personal contributions claimed as a tax deduction by a self-employed person.

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: Concessional contributions caps

Income year

Date

Your age at this date

Your concessional contribution cap

Treatment of excess concessional contributions

2016–17

30 June 2016

<49

$30,000

Included as taxable income, taxed at marginal tax rate plus an excess concessional contributions charge

49+

$35,000

2015–16

30 June 2015

<49

$30,000

49+

$35,000

2014–15

30 June 2014

<49

$30,000

49+

$35,000

2013–14

30 June 2013

<59

$25,000

59+

$35,000

2012–13

All ages

$25,000

Taxed at 46.5%

(15% levied in super fund, additional 31.5% payable)

2011–12

30 June 2012

<50

$25,000

+50

$50,000

2010–11

30 June 2011

<50

$25,000

+50

$50,000

2009–10

30 June 2010

<50

$25,000

+50

$50,000

2008–09

30 June 2009

<50

$50,000

+50

$100,000

2007–08

30 June 2008

<50

$50,000

+50

$100,000

General concessional contributions cap

The concessional contributions cap 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.

Note: Indexation of the general concessional contributions cap was paused at $25,000 up to and including the 2013–14 year. Normal indexation resumed for the 2014–15 year.

Higher concessional contributions cap for the 2013–14 and later financial years

The concessional contributions cap was temporarily increased to $35,000 for the:

  • 2013–14 financial year if you were aged 59 years or over on 30 June 2013
  • 2014–15 financial year or a later financial year if you were aged 49 years or over on the last day of the previous financial year.

The temporary higher cap is not indexed and will cease when the general concessional contributions cap is indexed to $35,000.

Higher concessional contributions cap for the 2012–13 year

For the 2012–13 financial year, the higher concessional contributions cap was equal to the general concessional contributions cap of $25,000.

Higher concessional contributions cap for the 2011–12 and earlier financial years

An increased concessional contributions cap applied until 30 June 2012 for people aged 50 years or over:

  • If you were aged 50 years or over, your annual cap for the 2007–08 and 2008-09 financial years was $100,000.
  • If you were aged 50 years or over, your annual cap for the 2009–10, 2010–11 and 2011–12 financial years was $50,000.

If you had more than one fund, all concessional contributions made to all of your funds were added together and counted towards the cap. This cap was not indexed.

Last modified: 07 Sep 2016QC 18123