The government has announced that contribution caps will increase with effect from 1 July 2024 as follows:

Concessional Contributions from $27,000 to $30,000
Non-Concessional Contributions from $110,000 to $120,000

This is a good time to revisit your super strategies and make sure everything is in place to make the most of the increase in contribution caps. The increased contributions cap comes when many people are getting an income boost because of the stage three tax cuts. It may provide a greater scope to contribute the proceeds of your tax cuts into super as a pre-tax or post-tax contribution.

Need help determining the right level of super contributions for you, talk to us today.


To stay up-to-date with the latest news and insights in taxation, business, and finance, subscribe to our newsletter The Balance. By subscribing, you will receive valuable information and helpful resources to support your financial journey.

The Balance Sign Up

We would love to hear from you.

North Melbourne

Ground Level
124 Errol Street
North Melbourne VIC 3051
P: 03 9888 3175

Wheelers Hill

Level 2, Suite 10
622 Ferntree Gully Road
Wheelers Hill VIC 3150
P: 03 9888 3175

Fill out the form below and someone from the team will get back to you shortly

Financially Sorted Contact Form

This form collects your information so that we can better serve you. We will never sell your information to any third party. By submitting this form you agree to subscribe to our newsletter and receive the latest news in taxation, business and finance. You can unsubscribe at any time. View our full Privacy Policy.