Updates on super

New limits on pension transfers

There is now a limit to the total amount of superannuation that you can transfer into a pension account, where your investment earnings (including capital gains) are tax-free.

New non-concessional caps

Non-concessional contributions are generally those contributions that you make to super from your after-tax income.

Lower concessional cap

Concessional contributions are generally those made from your pre-tax income, such as those made by your employer or via salary sacrifice.