Non Concessional contributions – changes from 1 July 2017

Non concessional contributions (after tax) do not form part of your superannuation fund’s assessable income. The most common are personal member contributions for which no income tax deduction is claimed:

  • Annual NCC will be reduced to $100,000 (4 x concessional cap) down from $180,000.
  • Once your total superannuation balance has reached $1.6m, from 1 July 2017 you will no longer be able to make non-concessional contributions to super. This does not stop you from making non-concessional contributions in the current 2017 financial year.