3min chapter

Dev Raga Personal Finance cover image

231 superannuation part 1

Dev Raga Personal Finance

CHAPTER

Concessional Super Contributions - Is There Any Limit to Contributing Concessionally?

The current limit is 27 and a half thousand dollars prior to july the first 2021 it used to be 25k. Anyone of any age under the age of 75 years will get the 10.5 percent super guarantee if you are an employee. If you're earning 22 percent return on your money you should take it, i don't care who you are. You'll be relatively wealthy and secure in your life provided you have a decent income now why is the concessional contribution capped at 27?

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