Newsletter
April 2018 Newsletter
Superannuation rates and thresholds for 2018-2019
We summarise some of the key superannuation rates and thresholds for the upcoming financial year:
Contributions
- Concessional contributions cap - $25,000
- Non-concessional contributions cap - $100,000*
- CGT cap amount - $1,480,000
- Super guarantee percentage - 9.5%
- Maximum contribution base (per quarter) $54,030
* 300,000 for a “bring forward” arrangement
Government co-contributions
- Lower income threshold - $37,697
- Higher income threshold - $52,697
Superannuation payments
- Lump sum low rate cap - $205,000
- Untaxed plan cap - $1,480,000
- ETP cap amount - $205,000
- Genuine redundancy and early retirement payments - tax-free amounts:
• base amount - $10,399
• service amount - $5,200
Pension cap
- General transfer balance cap - $1,600,000
- Defined benefit income cap - $100,000
- “Total superannuation balance” threshold - $1,600,000