What is the concessional contribution cap for 2014-2015 financial year?
- The concessional contribution cap or limit for the 2014-2015 financial year is $30,000 for people less than 49 years of age.
- For persons aged 49 years or over the concessional cap is $35,000.
- Any contributions that exceed the limit will be taxed at the marginal tax rate.
- This rate is likely to change in each new financial year.
Read some more FAQS from our Superannuation section