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ARTICLE · 08 MAY 2021

Superannuation monthly update – Regulator updates, Legislation, and other matters

Holding Redlich
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This update links to regulator (ATO, APRA, ASIC), updates, legislation and other matters relating to superannuation.

AustraliaFinance and Banking
Luke Hooper
Luke Hooper
Michael O'Connor
Michael O'Connor
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Regulator updates

ATO updated superannuation caps and thresholds for 2021-2022 (1 April 2021)

From 1 July 2021, the following rates and thresholds apply to contributions and benefits, employment termination payments, super guarantee and co-contributions:

  • contribution caps:
    • concessional contribution caps: $27,500
    • non-concessional contributions caps: $110,00
    • CGT cap amount: $1,615,000.
  • payments from super:
    • low rate cap amount: $225,000
    • untaxed plan cap amount: $1,615,000.
  • Division 293 threshold: Unchanged at $250,000
  • super guarantee percentage: 10%
  • maximum superannuation guarantee contribution base: $58,920
  • government co-contributions:
    • lower income threshold: $41,112

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This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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