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The Concessional Contribution Cap

Each individual has a concessional contribution cap of 27,500. Your employer puts 11% of your salary into super each year. If dad put $20,000 in, let's actually do some, you know, we'll say dad's on 80 grand a year, times 11%, that's 8,800. So he's got 18,700 left at the cap. He needs to listen to the Retireite podcast because there was an episode recently about retirement and superannuation 101 and he will froth on it all day long.

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