One Year Pause in Contribution Cap Indexation

The Government will override the automatic indexation of the concessional contribution cap so that this cap will not be indexed for the 2013/14 financial year.  The concessional contributions cap for the 2013/14 financial year will remain at $25,000 but is expected to increase to $30,000 in the 2014/15 financial year.

This pause in the indexation will also affect the non-concessional contributions cap, as this cap is defined to be 6 times the concessional contributions cap.  

However, the pause in indexation will not affect the CGT non-concessional contributions cap.