Contribution Caps are Unchanged!

23 Feb 2023

Written by

David Busoli, Principal

The AWOTE numbers announced today do not result in an increase to the contribution caps so the concessional cap of $27,500 remains unchanged as does the $110k non-concessional cap.

The increase to the general transfer balance cap has shifted the 3 year bring forward pivot points though.

Maximum NCC CapCurrentFrom 1 July 2023
$220,000$1.48m-$1.59m$1.68m – $1.79m
$110,000$1.59m – $1.7m$1.79m – $1.9m

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