Factsheets

Key Superannuation Rates & Thresholds: 2020/21

Key Superannuation Rates & Thresholds: A person using a calculator app on their smartphone, with paperwork on the table in the background.

Below you will find a summary of the main superannuation rates and thresholds for 2020/21, as issued by the Australian Taxation Office (ATO).

As always, if you require any advice regarding your own personal financial situation, please do not hesitate to get in touch.

Category2020/21
Concessional Contributions Cap$25,000
Non-Concessional Contributions Cap$100,000
CGT Cap Amount – for non-concessional contributions$1.565m
Division 293 Tax Threshold$250,000
Superannuation Guarantee – maximum super contribution base per quarter$57,090
Maximum Superannuation Co-contribution Entitlement:$500
Lower-Income Threshold
Higher-Income Threshold
$39,837
$54,837
Superannuation Benefit Caps:
• Low-rate Cap Amount
• Untaxed Plan Cap Amount
$215,000
$1.565m
General Transfer Balance Cap$1.6m
Defined Benefit Income Cap$100,000
Employment Termination Payments (ETP)$215,000
Tax-free part of genuine redundancy payments and early retirement scheme payments:
• Base Limit
• Each complete year of service
$10,989
$5,496
Full details of the superannuation rates and thresholds can be found on the ATO website.

Baldwin Financial Services is based in Prospect in the northern suburbs of Adelaide.
Contact us to find out how we may be able to help you.