---
title: Super contributions caps to increase 1 July 2024
description: The concessional and non-concessional contributions caps will be increasing effective from 1 July 2024
image: https://www.hkpartners.com.au/hubfs/Superannuation%20caps%20to%20increase%201%20July%202024%20-%20hero%20image.png
---

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# Super contributions caps to increase 1 July 2024

[ HK Partners ](https://www.hkpartners.com.au/hk-insights/author/hk-partners)

![Super contributions caps](https://www.hkpartners.com.au/hubfs/Superannuation%20caps%20to%20increase%201%20July%202024%20-%20hero%20image.png)

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## April 2024 Newsletter - Super contributions caps to increase

The concessional and non-concessional contributions caps will be increasing effective from 1 July 2024 as follows:

- The concessional contribution cap will increase from $27,500 to $30,000.
- The non-concessional contribution cap will increase from $110,000 to $120,000.
- The maximum non-concessional cap available under the bring-forward provisions will increase from $330,000 to $360,000.

The concessional and non-concessional contribution caps are summarised below:

![Super contributions caps to increase - 2024 - image 1.1](https://www.hkpartners.com.au/hs-fs/hubfs/Super%20contributions%20caps%20to%20increase%20-%202024%20-%20image%201.1.png?width=1200&height=369&name=Super%20contributions%20caps%20to%20increase%20-%202024%20-%20image%201.1.png)

The total superannuation balance threshold, which is relevant for making non-concessional contributions, remains at $1.9 million during the 2024-25 financial year. The transfer balance cap also remains unchanged at $1.9 million.

If you would like to know more about these changes and how they directly impact you, contact your HK Partners Adviser today on 02 8251 8100.

 

[Quarterly Newsletter](https://www.hkpartners.com.au/hk-insights/tag/quarterly-newsletter) [Government Policy](https://www.hkpartners.com.au/hk-insights/tag/government-policy) [Superannuation](https://www.hkpartners.com.au/hk-insights/tag/superannuation)

[Streamlining Family Wealth Management

](https://www.hkpartners.com.au/hk-insights/streamlining-family-wealth-management) [Transformation and growth

](https://www.hkpartners.com.au/hk-insights/transformation-and-growth) [Empowering Family Legacies

](https://www.hkpartners.com.au/hk-insights/empowering-family-legacies)

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