SMSF Updates

Contribution caps increase from 1 July 2021

25 Feb, 2021

Contribution caps for both concessional and non-concessional contribution will increase from 1/7/21:

The new cap is as below:

Concessional $27,500

Non- concessional $110,000

If you use the bring forward rules for NCC, the following threshold will apply:

TSB: total super balance , NCC: Non-concessional contribution

TSB $1.7mil NCC nil

TSB $1.59-1.7mil NCC $110k

TSB $1.48-1.59mil NCC $220K

TSB $0-1.48mil NCC $330K