Fast Facts
Updated July 2027 for financial year 2026-27, unless otherwise stated
Fast Facts is a comprehensive and easy to use online resource for finance professionals. It brings together useful rates and thresholds from a range of Government sources and is updated quarterly to provide you with the latest information. Bookmark this page to have this resource at your fingertips when you need it.
Contributions caps
| Concessional contributions cap [5] | $32,500 |
| Non-concessional contributions cap [6] | $130,000 |
| Non-concessional contributions cap – maximum bring forward amount [6] [7] | $390,000 |
| Downsizer contributions cap | $300,000 |
| CGT cap | $1,935,000 |
Other caps
| General transfer balance cap | $2,100,000 |
| Defined benefit income cap | $131,250 |
Division 293 tax
| High income threshold | $250,000 |
| Tax rate | 15% |
Division 296 tax
| Large super balance threshold | $3,000,000 |
| Very large super balance threshold | $10,000,000 |
| Division 296 tax rate | 15% |
| Additional tax rate for very large super balance | 10% |
Super Guarantee levels
| Rate | 12.0% |
| Maximum contributions base p.a. | $270,830 |
Government co-contribution [8]
| Total income | Maximum co-contribution |
|---|---|
| Up to $49,293 | $500 |
| $49,294 - $64,293 | $500 – [(Total income – $49,243) x 0.0333] |
| $64,294 or more | $0 |
Low income superannuation tax offset (LISTO)
| Maximum offset | Cut-out threshold |
|---|---|
| $500 | $37,000 |
Offset is a refund of tax paid on concessional contributions if adjusted taxable income does not exceed threshold.
[5] Unused concessional contributions accrued from up to five previous financial years can be utilised if total superannuation balance is less than $500,000 on 30 June of previous financial year.
[6] Where total superannuation balance is greater than or equal to the general transfer balance cap on 30 June of the previous financial year, the cap reduces to zero.
[7] Those aged 74 or less at 1 July can bring forward up to two future years of the non-concessional contributions cap.
[8] Must have total superannuation balance less than general transfer balance cap on 30 June of the previous financial year and not exceed the current non-concessional contribution cap to be eligible.
Tax on lump sum withdrawals from superannuation [9]
| Taxable component | ||
|---|---|---|
| Taxed element | Untaxed element | |
| Withdrawn prior to age 60 | 20% | 30% to untaxed plan cap amount [10] 45% on balance |
| Withdrawn age 60 + | 0% | 15% to untaxed plan cap amount [10] 45% on balance |
| Tax-free component | ||
| Withdrawn at any age | 0% | |
Tax on superannuation lump sum payments made on death [9]
| Taxable component | ||
|---|---|---|
| Taxed element | Untaxed element | |
| Paid to dependant | 0% | 0% |
| Paid to non-dependant | 15% | 30% |
| Tax-free component | ||
| Paid to dependant | 0% | |
| Paid to non-dependant | 0% | |
[9] Medicare levy of 2% is added to rates except where tax rate is nil.
[10] Untaxed plan cap $1,935,000 (2026-27)
Tax on superannuation income streams [9]
| Taxable component | ||
|---|---|---|
| Taxed element | Untaxed element | |
| Prior to age 60 | MTR [11] [12] | MTR |
| Age 60+ | 0% [13] | MTR less 10% tax offset [13] |
| Tax-free component | ||
| Any age | 0% | |
Tax on superannuation death benefit income streams [9]
| Taxable component | ||
|---|---|---|
| Taxed element | Untaxed element | |
| Beneficiary or deceased 60+ at time of death | 0% [13] | MTR less 10% tax offset [13] |
| Beneficiary and deceased less than age 60 at time of death | MTR less 15% tax offset [14] | MTR [15] |
| Tax-free component | ||
| Beneficiary and deceased of any age | 0% | |