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The amount of low-tax money you can put into super is about to jump

Joanna Mather
Joanna MatherWealth editor

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Workers will be able to pump more low-tax money into superannuation after strong wages growth triggered the first increase in contribution limits in three years.

Concessional (pre-tax) and non-concessional (post-tax) contribution caps will be lifted by $2500 and $10,000 a year respectively from July 1, it was confirmed on Thursday.

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    Original URL: https://www.afr.com/wealth/personal-finance/the-amount-of-low-tax-money-you-can-put-into-super-is-about-to-jump-20240222-p5f73u