ATO super thresholds for 2022/23

7 March 2022
  • Concessional contributions cap is $27,500 (unchanged).
  • Unused concessional contributions cap carry forward – cut off threshold remains at $500,000. 
  • Non-concessional contributions cap is $110,000 (unchanged).  This cap is 4 times the concessional contributions cap and, consequently, will only change if and when the concessional contributions cap changes.
  • Bring-forward non-concessional contributions cap is $330,000 (unchanged).  This cap is set as 3 times the non-concessional contributions cap.
  • Low-rate cap amount is now $230,000 (increased from $225,000).  This cap is the maximum amount of superannuation lump sum benefits (not including the tax-free component) which can be received at a nil rate of tax (or, in the case of untaxed components, at 15% rate of tax instead of 30%).  This cap only applies to superannuation lump sum benefits received on or after preservation age and before age 60.
  • CGT cap amount is now $1,650,000 (increased from $1,615,000).  This is a lifetime cap on non-concessional contributions which have been sourced from the retirement or 15-year small business capital gains tax concessions.
  • Downsizer contributions is $300,000 (unchanged).
  • Transfer balance cap is $1,700,000 (unchanged). 
  • SG contribution rate is now 10.5% (increased from 10%) of eligible salary.
  • Government co-contribution:  the maximum Government co-contribution remains at $500.  However, the lower income threshold is now $42,016 (increased from $41,112) and the higher income threshold is now $57,016 (increased from $56,112).  If eligible income does not exceed the lower threshold, the maximum co-contribution will apply.  If eligible income equals or exceeds the higher threshold, no co-contribution applies.  If eligible income is between the two thresholds, a reduced co-contribution will apply which tapers as the eligible income approaches the higher threshold.
  • Low-income super tax offset remains at $500 and the cut-off threshold remains at $37,000.  This tax offset is usually paid to your superannuation account.  In limited circumstances it may be paid directly to the relevant member.
For any further information regarding this article please call SUPERCentral on 02 8296 6266 or email info@supercentral.com.au.
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