Indexation of the caps and potential policy changes
Indexation for the general transfer balance cap and the contribution cap is based on the CPI figure for the December quarter.
The Concessional Contribution cap for the 2022 financial year and onwards is $27,500. The Non-concessional Contribution cap for the 2022 financial year is $110,000.
For more information about contribution caps, please see our page.
The article below provides more information about the influences of indexation on caps and policy changes:
CA ANZ outlines top challenges for SMSF professionals in 2023
We are Melbourne based with clients throughout Australia. Our SMSF administration service is mostly paperless. This enable us to charge a fair fee, resulting in a good value-proposition for you.
Superannuation Warehouse is an accounting firm and do not provide financial advice. All information provided has been prepared without taking into account any of the Trustees’ objectives, financial situation or needs. Because of that, Trustees are advised to consider their own circumstances before engaging our services.
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