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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