The 1st of July 2025 heralded the commencement of a new financial year.
With the new beginning comes a range of changes in relation to the superannuation environment in Australia.
Below are some key pieces of information relating to superannuation that you need to be aware of for the new 2025/26 financial year:
Superannuation Guarantee
The new Superannuation Guarantee contribution rate is now 12%. This has increased from 11.5% during the last financial year.
This change to 12% is the final stage in the legislated changes to employer contribution rates which began in 2013.
Concessional Contribution Cap
This annual cap remains unchanged from last financial year with an annual limit of $30,000.
Concessional contributions include contributions from your employer via Superannuation Guarantee; personal salary sacrifice contributions and personal contributions for which you wish to claim a tax deduction.
You must remember that the annual sum of all these contributions must remain below this cap.
Non-Concessional Contribution Cap
This annual cap remains unchanged from last financial year with an annual limit of $120,000.
The “three-year bring forward” provision that permits you to make three years’ worth of contributions at once ($360,000) remains available. The total super balance threshold to be eligible to engage in this strategy has now increased from $1.66M to $1.76M.
General Transfer Balance Cap
This cap has increased by $100,000 to $2M for the 2025/26 financial year. This cap impacts the amount of funds that can be used to commence a retirement income stream within superannuation.
Account-Based Pensions
The minimum drawdown rates for income streams commenced from superannuation proceeds have not changed.
