Superannuation contribution caps for 2026-27: what changed on 1 July 2026

For the 2026-27 financial year the concessional contributions cap is $32,500 (up from $30,000) and the non-concessional cap is $130,000 (up from $120,000), with a maximum bring-forward of $390,000 over three years for eligible people under 75 whose total super balance was below $1.84 million at 30 June 2026. The general transfer balance cap was indexed to $2.1 million on 1 July 2026 — the same day the 2026-27 income year began — the first income year for which the new Division 296 tax on total super balances above $3 million applies.

Key points:
- The concessional (before-tax) cap is **$32,500** for 2026-27 — the first increase since 1 July 2024 — indexed in line with average weekly ordinary time earnings, per the [ATO contributions caps page](https://www.ato.gov.au/tax-rates-and-codes/key-superannuation-rates-and-thresholds/contributions-caps) updated 24 April 2026.
- The non-concessional (after-tax) cap is **$130,000** for 2026-27, but it is **nil** if your total super balance was $2.1 million or more at 30 June 2026.
- Bring-forward tiers for 2026-27 (under 75 at some time in the year): up to $390,000 over 3 years where TSB at 30 June 2026 was under $1.84 million; $260,000 over 2 years from $1.84 million to under $1.97 million; the standard $130,000 only from $1.97 million to under $2.1 million; nil at $2.1 million or more.
- Carry-forward concessional contributions remain available where TSB was under $500,000 at 30 June 2026 — unused cap amounts from the previous five years can be applied, and unused amounts expire after five years.
- The general transfer balance cap rose $100,000 to **$2.1 million** on 1 July 2026; anyone who already had a transfer balance account receives only a proportional increase based on unused cap space.
- Division 296 tax is now law and applies from 1 July 2026: an additional 15% on the portion of super earnings attributable to a total super balance between $3 million and $10 million, and an additional 25% in total (the 15% rate plus a further 10%) on the portion above $10 million — nominal headline rates of 30% and 40% once the existing 15% fund tax is counted — with first assessments issuing in the later half of 2027-28. Our [Division 296 status resource](/technical-resources/division-296-super-tax-status) covers the legislative detail.
- Related 2026-27 settings: the super guarantee rate stays at 12%, Payday Super commenced 1 July 2026 with an annual maximum contribution base of $270,830, and the small business CGT cap is $1,935,000.