Federal Budget 2026/27

Below is a summary of the measures announced in the Budget that relate to superannuation and taxation. It’s important to note that the measures in the Federal Budget are announcements only and may or may not be implemented. 

See full details on all measures announced at Budget 2026-27.

Contribution caps

From 1 July 2026, the before-tax concessional contributions cap is increasing from $30,000 to $32,500 per financial year for all individuals, regardless of age. The after-tax non-concessional contributions cap will also be increasing from $120,000 to $130,000 per financial year.

This means the maximum bring-forward amount will increase from $360,000 to $390,000. This may allow eligible Australians under age 75 to contribute up to three years’ worth of non-concessional contributions in a single financial year, depending on their total super balance.

Further information can be found at the ATO website.

Transfer balance cap 

On 1 July 2026, the general Transfer Balance Cap – the limit on how much individuals can move from their super into the retirement phase – will increase from $ 2 million to $2.1 million.

This increase will benefit people who haven’t yet used up their transfer balance cap.