From 1 July 2007 the concessional contribution limits below apply to the total contributions made on behalf of a person irrespective of whether they are made by multiple employers or unsupported persons.
|
Year
|
Under age 49#
|
Age 49 or more#
|
|
2020-2021
|
$25,000
|
$25,000
|
|
2019-2020
|
$25,000
|
$25,000
|
|
2018-2019
|
$25,000
|
$25,000
|
|
2017-2018
|
$25,000
|
$25,000
|
|
2016-2017
|
$30,000
|
$35,000
|
|
2015-2016
|
$30,000
|
$35,000
|
|
2014-2015
|
$30,000
|
$35,000
|
|
Year
|
Under age 35 #
|
Age 35 to 49 #
|
Age 50 to 74 #
|
|
2013-14
|
$25,000
|
$25,000 #
|
$25,000 #
|
|
2012-13
|
$25,000
|
$25,000
|
$25,000
|
|
2011-12
|
$25,000
|
$25,000
|
$50,000
|
|
2010-11
|
$25,000
|
$25,000
|
$50,000
|
|
2009-10
|
$25,000
|
$25,000
|
$50,000
|
|
2008-09
|
$50,000
|
$50,000
|
$100,000
|
|
2007-08
|
$50,000
|
$50,000
|
$100,000
|
Changes to age cut-offs
Up to 30 June 2013 the age cut-off was based on the age of the member on the last day (30 June) of the relevant financial year.
However from 1 July 2013 the cap increased to $35,000 for individuals aged 59 or more on 30 June of the previous financial year.
And from 1 July 2014 the cap increases to $35,000 for individuals aged 49 or more on 30 June of the previous financial year.
The work test applies to members between the ages of 65 and 74. For more information about the work test, refer to our separate topic ‘Age and Work Test Restrictions’.
NB! By contrast non-concessional contribution limits are based on the age of the member on the first day (1 July) of the relevant financial year, but the usual Age and Work Test restrictions in SIS Reg 7.04 (1) still apply. (See ‘Age and Work Test’ link below.)