Super Contribution Limits 2024. This is the mandatory amount your employer must put into your nominated super fund. Those age 55 and older can make an additional $1,000 catch.
As you can see, the maximum contribution base increases each financial year. Those age 55 and older can make an additional $1,000 catch.
Be Aware There Are Limits, Or Contribution.
Employers are required to make super contributions into each employee’s super account at the increased rate of 11.5 per cent of an employee’s annual salary.
Individuals Who Have A Total Super Balance At 30 June 2024 Below $500,000 Will Have A Concessional Contribution Cap Of Up To $135,000 In 2024/25.
Changes to super contribution caps from 1 july 2024.
This Is The Maximum Amount That Can Be Contributed Into Super As A Concessional.
Images References :
Find Out The Caps And Limits On Super Contributions And How They Are Taxed.
The cap amount depends on your age, super balance, and what types of contributions are.
The Contribution Limits For 2023/24 Are:
Individuals who have a total super balance at 30 june 2024 below $500,000 will have a concessional contribution cap of up to $135,000 in 2024/25.