From 1 July 2026, super contribution caps are increasing – that’s the amount Australians can contribute to super each year before extra tax may apply. In broad terms, the annual before-tax (concessional) cap will rise from $30,000 to $32,500, while the annual after-tax (non-concessional) cap will rise from $120,000 to $130,000.
For people eligible to use the bring-forward rule[1], the maximum after-tax contribution over three years will increase from $360,000 to $390,000.
These changes may create additional opportunities to boost your retirement savings, but the rules are rather complicated and it’s easy to get tripped up. Contribution limits can vary depending on your age, contribution history and total super balance. Before you contribute to super, it’s always best to seek professional advice about your own individual circumstances.
You can find more information on the contribution caps on the Australian Taxation Office (ATO) website https://www.ato.gov.au/tax-rates-and-codes/key-superannuation-rates-and-thresholds/contributions-caps
If you need financial advice to help plan for your retirement, book an appointment with me at Align Financial. Call (02) 9913 9995.
[1] The bring-forward rule lets eligible individuals make up to three years of after-tax super contributions at once, subject to relevant limits. For more info, visit: https://www.ato.gov.au/individuals-and-families/super-for-individuals-and-families/super/growing-and-keeping-track-of-your-super/caps-limits-and-tax-on-super-contributions/non-concessional-contributions-cap
