Increased Contribution Caps Recent announcements have confirmed that the annual concessional contribution (CC) and non-concessional contribution (NCC) caps will increase from 1 July 2021. These changes are highlighted in the table below: Cap 2020/21 and earlier From 1 July 2021 Concessional $25,000 $27,500 Non-concessional $100,000 $110,000 As a refresher, contributions are broken up into 2…
