Key Super Changes for the 2024-2025 Financial Year
David Burnes • July 1, 2024
Some of the key changes for Super Funds in the 2024-2025 financial year are:
- Superannuation guarantee increases from 11% to 11.5%
- Concessional contributions cap increases to $30,000
- Non-concessional contributions cap increases to $120,000
- Preservation age reaches 60
- Income tax stage 3 cuts take effect
- Thresholds for Age Pension asset and income tests increase
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