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Super Caps Increased For 2014/15

The ATO has announced the following changes to the superannuation contribution caps.

Concession contributions cap

These include:

  • Employer contributions (including those under a salary sacrifice arrangement); and
  • Personal contributions claimed as a tax deduction by a self-employed person.

The amount of the cap will be increased from $25,000 in 2013/14 to $30,000 in 2014/15.

Non-concessional contributions cap

Non-concessional contributions include personal contributions for which taxpayers do not claim an income tax deduction.

The amount of the cap will be increased from $150,000 in 2013/14 to $180,000 in 2014/15.

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