| Contributions annual caps |
| Concessional - includes employer contributions (including salary sacrifice arrangements) and personal contributions claimed as a tax deduction |
$25,000 |
| Concessional transitional arrangement for taxpayer aged 50+. Applies from 1 July 2009 to 30 June 2012 |
$50,000 |
| Non-concessional - includes personal contributions for which no tax deduction is claimed |
$150,000 |
| Note: Taxpayers under age 65 can make non-concessional contributions of up to $450,000 over a 3 year period. |
Superannuation benefits |
| Low rate cap amount for lump sum benefits taken by taxpayers aged 55-60 (amount of taxed benefits that can be drawn from super fund tax free). |
$165,000 |
| Untaxed plan cap amount for lump sum benefits taken by members with super in untaxed funds (amount of untaxed benefits that can be drawn from super fund tax free). |
$1,205,000 |
Minimum annual pension payments |
| Age |
Minimum % withdrawal |
| Under 65 |
3% |
| 65-74 |
3.75% |
| 75-79 |
4.5% |
| 80-84 |
5.25% |
| 85-89 |
6.75% |
| 90-94 |
8.25% |
| 95 or more |
10.5% |
|
Maximum superannuation contributions base |
$43,820 per quarter |
Super Government Co-Contribution |
| Lower Income Threshold |
$31,920 |
| Higher Income Threshold |
$61,920 |
