This page is a reference for Australian superannuation contribution rates, caps, and thresholds — updated for FY2024–25 and FY2025–26.
Employer Superannuation Guarantee (SG) Rate
| Financial year | SG rate |
|---|---|
| FY2023–24 | 11% |
| FY2024–25 | 11.5% |
| FY2025–26 onwards | 12% |
The SG rate reached its legislated maximum of 12% from 1 July 2025. See the full SG rate history.
Concessional Contribution Cap
| FY | Annual concessional cap |
|---|---|
| FY2023–24 | $27,500 |
| FY2024–25 | $30,000 |
| FY2025–26 | $30,000 |
Concessional contributions include employer SG, salary sacrifice, and personal deductible contributions. Exceeding the cap results in excess contributions being included in assessable income and taxed at your marginal rate (with a 15% offset). See Concessional Contributions Guide.
Non-Concessional Contribution Cap
| FY | Annual NCC cap | Bring-forward (3-year) cap |
|---|---|---|
| FY2024–25 | $110,000 | $330,000 |
| FY2025–26 | $120,000 | $360,000 |
Non-concessional contributions (after-tax) are indexed to average weekly ordinary time earnings (AWOTE) and generally increase in $10,000 increments. See Non-Concessional Contributions.
Total Super Balance Thresholds
The Total Super Balance (TSB) affects eligibility for several super rules:
| Rule | TSB threshold |
|---|---|
| Carry-forward concessional contributions | TSB < $500,000 at 30 June prior year |
| Non-concessional contributions allowed | TSB < $1.9M at 30 June prior year |
| Bring-forward rule | TSB < $1.66M (partial), TSB < $1.78M (full) — FY2025–26 |
| Government co-contribution | Not TSB-based (income-based) |
Transfer Balance Cap (TBC)
| FY | General TBC |
|---|---|
| FY2021–22 to FY2022–23 | $1.7M |
| FY2023–24 | $1.9M |
| FY2024–25 | $1.9M |
| FY2025–26 | $1.9M (indexed — check ATO for updates) |
The TBC limits how much can be transferred from accumulation to pension phase. See the Transfer Balance Cap guide.
Division 293 Tax Threshold
High-income earners pay an additional 15% tax on concessional contributions, bringing their effective rate to 30% (instead of 15%).
| FY | Income threshold |
|---|---|
| FY2024–25 | $250,000 |
| FY2025–26 | $250,000 |
See Division 293 Tax.
Government Co-Contribution
The Government co-contributes up to $500 for low-to-middle income earners who make personal after-tax contributions:
| FY2025–26 | Threshold |
|---|---|
| Lower income threshold | $45,400 |
| Upper income threshold | $60,400 |
| Maximum co-contribution | $500 |
| Reduction rate | $0.03333 per $1 of income above lower threshold |
Low Income Super Tax Offset (LISTO)
LISTO refunds the 15% contributions tax for low-income earners:
| FY2025–26 | |
|---|---|
| Eligible income threshold | ≤ $37,000 |
| LISTO rate | 15% of concessional contributions |
| Maximum LISTO | $500 |
| Minimum LISTO | $10 |
LISTO is automatic — no application required. See LISTO explained.
Minimum Pension Drawdown Rates (Retirement Phase)
| Age | Minimum annual drawdown |
|---|---|
| Under 65 | 4% |
| 65–74 | 5% |
| 75–79 | 6% |
| 80–84 | 7% |
| 85–89 | 9% |
| 90–94 | 11% |
| 95+ | 14% |
Halved drawdown rates applied during COVID-19 (FY2019–20 to FY2022–23). Normal rates have since resumed.
Maximum Super Contribution Base (MSCB)
Employers are only required to pay SG on earnings up to the MSCB:
| FY | MSCB (per quarter) | MSCB (annual equivalent) |
|---|---|---|
| FY2024–25 | $62,270 | $249,080 |
| FY2025–26 | $65,070 (indexed) | $260,280 |
For more: Super Contribution Limits Explained, Concessional Contributions Cap, SG Rate Schedule. For advice on contribution strategy, speak with a licensed financial adviser via MoneySmart.