2022 Key superannuation rates and threshold updates

The ATO has published updates relating to key superannuation rates and thresholds for the 2022-23 year. Below is an overview of these changes, for more detailed information visit the ATO website. 

• the general Super Guarantee percentage increases to 10.5%
  

• removal of the $450 per month threshold - Australians earning less than $450 per month from a single job will begin receiving super guarantee contributions from their employer from 1 July 2022

• the concessional contributions cap remains the same at $27,500
  

• the non-concessional contributions cap remains the same at $110,000
  

• the Capital Gains Tax cap amount for non-concessional contributions is $1.65 million
  

• the Div 293 tax threshold amount is $250,000

• the maximum super contribution base increases to $60,220 per quarter

• the maximum superannuation co-contribution entitlement remains at $500, the lower-income threshold increases to $42,016 and the higher-income threshold increases to $57,016

• the low-rate cap amount increases to $230,000

• the general transfer balance cap remains at $1.7 million

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