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Non-concessional contributions

Non-concessional cap

Section: 5.2

5.2. Non-concessional cap

For members under age-67, the non-concessional contributions (NCC) limit for a given financial year is as follows:

   
Year Non-concessional cap (p.a.)
2021-22 $110,000
2020-21 $100,000
2019-20 $100,000
2018-19 $100,000
2017-18 $100,000
2016-17 $180,000

Members aged between age 67 and 74, can make non-concessional contributions if they satisfy the following criteria:

$1.7 million eligibility threshold (TSB) A member with a total superannuation balance (TSB) of $1.7 million or more on 30 June of the previous financial year cannot make non-concessional contributions.
 
   
Work test From 1 July 2020
From 1 July 2020, the cut-off age for work test related rules is age 67*. This means members aged between 65 and 66 with a total superannuation balance on 30 June of the previous financial which is less than $1.7 million**, can make non-concessional contributions into their superannuation fund without needing to satisfy the work test or meet the work test exemption criteria.
Members aged between 67 and 74, are required to meet a work test or be eligible for the work test exemption in order to make non-concessional contributions.
*Prior to 1 July 2020 the cut-off age for work test related rules was 65. Members aged between 65 and 74 had to meet the work test (or work-test exemption to make non-concessional contributions.
**$1.6 million from FY 2017/18 -2020/21
 
 
 
Members aged 75 years and older:
For a member who is 75 years or older, a super fund can only accept :
  • mandated super contributions made for the member by their employer, and 
  • downsizer contributions.  
However, if a member is turning 75 during a financial year, they can make a non-concessional contribution to their super fund up to 28 days after the end of the month in which the member turns 75.

In this case, the member can still only contribute if they satisfy the work test or meet the work test exemption criteria, and subject to the total super balance eligibility threshold.

This technical resource is intended for the use of financial advisers only. It is current as at the date of publication but may be subject to change. This publication has been prepared without taking into account a potential investor's objectives, financial situation, needs or objectives. Before making a recommendation based on this material, you should consider its appropriateness based on the client's objectives, financial situation and needs. Rainmaker Group is not a registered tax agent under the Tax Agent Services Act 2009. Your client should refer to a registered tax agent before relying on information published herein that may impact their tax obligations, liabilities or entitlements.

Last modified: Friday, July 2, 2021