2023/24 Superannuation Thresholds

2023/24 Superannuation Thresholds

The Superannuation Thresholds applying to the 2023/24 have now been released by the ATO:

Concessional Contributions Cap                              $27,500 (no change)

Non-concessional Contributions Cap                      $110,000 (no change)

CGT Cap Amount                                                      $1,705,000 (previously $1,650,000)

Low Rate – Cap Amount                                            $235,000 (previously $230,000)

Transfer Balance Cap                                                 $1,900,000 (previously $1,700,000)

Bring Forward Caps

$330,000 (if total super balance less than $1,680,000)

$220,000 (if total super balance is $1,680,000 or more but less than $1,790,000)

$110,000 (if total super balance is $1,790,000 or more but less than $1,900,000)

(Total super balance as at 30 June 2023 and individual has not triggered bring forward in previous two financial years)