According to the ATO website, as at 30 June 2015, the average and median age of members of newly-established funds
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2015/2016 Contribution Limits
For the 2016 financial year, commencing 1 July 2015, the concessional contribution cap (limit per member) is $30,000.
For individuals aged
Deferral of higher concessional contributions cap for individuals aged 50 and over
As at 1 July 2012, all individuals have a cap of $25,000 for all concessional superannuation contributions.
Previously people over 50
Read MoreSuperannuation guarantee age limit – to be removed
While there has been some confusion about this measure, the government has confirmed that as of 1 July (more…)
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