• Concessional contributions cap

    The concessional contributions cap does not limit the amount of contributions that can be made but imposes an additional tax on the excess concessional contributions above the cap for a financial year. The cap applies per person, not per employer or super fund.

    Excess concessional contributions count towards the non-concessional contributions cap.

    Table 1: Concessional contributions caps

    Financial year

    Member under 50 years old

    Member 50 years old or over - transitional cap

    2012-13

    $25,000

    $25,000

    2011-12

    $25,000

    $50,000

    2010-11

    $25,000

    $50,000

    2009-10

    $25,000

    $50,000

    2008-09

    $50,000

    $100,000

    2007-08

    $50,000

    $100,000

    Indexation of the concessional contributions cap

    Section 960-285External Link contains the indexation rules for the concessional contributions cap. The concessional contributions cap is indexed annually based on movements in the average weekly ordinary time earnings (AWOTE), for the December quarter, rounded down to the nearest multiple of $5,000.

      Last modified: 06 Sep 2017QC 34181