Top-rate taxpayers can reclaim some of their lost, stage three tax cuts and boost their superannuation savings faster when contribution limits rise for the first time in three years on July 1.
The concessional contribution limit, which is the maximum amount from pre-tax income, will rise to $30,000 from $27,500, while the non-concessional cap, which is the limit for contributions from after-tax pay or savings, will jump by $10,000 to $120,000.