BlueBlog

Updates to Superannuation Contribution Caps 2022

From July 2021, the superannuation contribution caps are changing. Our SMSF experts explain what changes you can expect to see over the coming year.
1
minute read

From 1 July 2021, the superannuation contribution caps are changing. The updates will include the following: 

  • The Concessional Contribution limit is set to increase from $25,000 to $27,500.
  • The Non-Concessional Contribution limit is set to increase from $100,000 to $110,000.
  • The maximum amount a person who is under age 65 on 1 July 2021 can contribute under the non-concessional contribution “bring forward rule” is also set to increase from $300,000 to $330,000.
  • The general Transfer Balance Cap is increasing from $1.6 million to $1.7 million. 

For tips on how you can make the most out of your Self-Managed Super Fund, check out our top SMSF Tips for the 2021 Financial Year

To ensure you maximise your superannuation contributions, reach out to our Melbourne-based SMSF and Private Wealth teams. 


Resources

Oh dear, there's nothing here. We aimed too high and fell short. We flew too close to the sun... Or this is a simple mistake and we just need to plug a few things back in or jiggle a few cords.

Contact

Send us a message!

Fill in the enquiry form and we’ll be in touch.

Did you know?
This website was lovingly crafted by our in-house creative wizards ✨
Talk to our Digital experts now to take your online-presence to the next level.