Contributions to Superannaution

April 29, 2021

The amount you can contribute to super will increase and bring forward rule

Indexation will increase the concessional and non-concessional contribution caps from 1 July 2021. These caps are indexed by average weekly ordinary time earnings (AWOTE).

Cap Current cap Cap from 1 July 2021
Concessional contributions cap $25,000 $27,500
Non-concessional contributions cap $100,000 $110,000

The bring forward rule

The bring forward rule enables you to contribute up to three years’ worth of non-concessional contributions in the one year. That is, from 1 July 2021, you could contribute up to $330,000 to your superannuation in one year. You can use the bring forward rule if you are 64 or younger on 1 July of the relevant financial year of the contribution and the contribution will not increase your total super balance by more than your transfer balance account cap.

If you utilised the bring forward rule in previous years, your non-concessional cap will not change. You will need to wait until your three years has expired before utilising the new cap limit.

1 July 2017 – 30 June 2021 After 1 July 2021
Total Super Balance (TSB) Contribution and bring forward available Total Super Balance (TSB) Contribution and bring forward available
< $1.4m $300,000 <$1.48m $330,000
$1.4m -$1.5m $200,000 $1.48m – $1.59m $220,000
$1.5m – $1.6m $100,000 $1.59m – $1.7m $110,000
$1.6m+ Nil $1.7m+ Nil


* excludes withdrawals made under the COVID 19 relief measures.  

Please contact us should you have questions regarding superannuation contributions.

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