ATO releases updated superannuation rates and thresholds

Administering and ReportingSMSF InsightsUnderstanding SMSFs

ATO releases updated superannuation rates and thresholds

Written by Fabian Bussoletti, Technical Manager, SMSF Association

Each year, several key superannuation rates and thresholds are indexed in line with movements to Average Weekly Ordinary Time Earnings (AWOTE) or the Consumer Price Index (CPI).

Following the recent release of these key statistics by the Australian Bureau of Statistics (ABS), the ATO has officially released the updated superannuation thresholds for 2024-25.

These thresholds are set out in the table below:

Sorry, this content is reserved for members of our SMSF Connect community.

Please register for a free community account to view this content or login below.


If you are an existing member of SMSF Connect, please login below.

If you wish to learn more about joining the community, please click here.

Join the free community

Complete the form below to set up your free account and be regularly updated on SMSF and investing news and information.

  • Strength indicator


1An individual’s personal concessional contribution cap for 2024-25 may be higher if they’re eligible to unlock unused carried forward concessional contribution cap amounts from previous years.

2 Individuals who are already in a previously triggered bring-forward period will not benefit from the increase in the Non-concessional contribution cap. Their Non-concessional contribution cap for 2024-25 will be limited to the amount previously locked in.

3 An individual’s NCC cap in 2024-25 will be NIL where their TSB, measured on 30 June 2024 is $1.9 Million or more. This also applies to individuals who are already in a previously triggered bring-forward period.

4 An individual’s TSB must be less than $1.9 Million to be eligible for a Government Co-contribution.

5 An individual’s Personal Transfer Balance Cap will be less than $1.9 Million where they commenced a retirement phase income stream before 1 July 2023.

Other relevant caps and thresholds

The following thresholds may also be of interest to some SMSF trustees:

1 These thresholds are not subject to CPI / AWOTE indexation. 2024-25 threshold is indicative only.

2 The TSB (of the spouse receiving the contribution) must be less than $1.9 Million to be eligible for the spouse contribution tax offset.

Other reminders

From 1 July 2024:

  • Preservation age will increase to age 60 (i.e. those born on or after 1 July 1964).
  • The low-rate cap on superannuation withdrawals becomes irrelevant as individuals will no longer be able to make a superannuation withdrawal between preservation age and under age 60.
  • The SG rate will increase from 11% to 11.5%.

Disclaimer: The information contained in this document is provided for educational purposes only, is general in nature and is prepared without taking into account particular objective, financial circumstances, legal and tax issues and needs. The information provided in this article is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to your individual circumstances. While SMSF Association believes that the information provided in this article is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the Corporations Act 2001.