12/03/2026
Super caps 2026–27
New financial year, new super caps.
From 1 July 2026, the transfer balance cap increases to $2.1m and contribution limits also rise.
Concessional contributions move to $32,500, while the non‑concessional cap lifts to $130,000, or $390,000 under the bring‑forward rules.
If you’re still building your super, these higher caps may open extra planning opportunities in the lead‑up to retirement.
Has your strategy kept up with the new limits?
Division 296 on earnings over $3m
Division 296 introduces an extra layer of tax on earnings linked to total super balances above $3m from 1 July 2026.
There is no new tax on the first $3m itself – the additional tax only applies to the calculated growth on the portion of your balance above that threshold.
For balances between $3m and $10m, this can mean up to 15% extra tax on those earnings, and up to 30% extra once your balance exceeds $10m.
The impact will vary from person to person, depending on contributions, withdrawals and investment performance.
Do you know how Division 296 might affect your long‑term retirement plans?
