Good news for the Super contribution caps 2024-25 have been released. The government has announced that from 1 July 2024, the standard  superannuation concessional contribution cap will increase from $27,500 to $30,000 Concessional superannuation contributions are any contributions paid into your superannuation that receive a concessional (or lower) tax rate. These contributions are contributed from earnings that have not yet been taxed. Concessional contributions are sometimes referred to as before-tax contributions. Of course, in some circumstances, you may be able to contribute more in that year than the cap. Use the carry-forward rule if your super balance is less than [...] READ MORE