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The standard 401(k) limit for 2025 is $23,500, with a regular catch-up for those 50 and older of $7,500, meaning the "super catch-up" represents an additional $3,750 for qualifying participants. Once a participant turns 64, they revert to the age 50 and older (or +) catch-up contribution limit in effect for that year.

Standard 401(k) contribution limits will increase from $23,000 to $23,500 in 2025. The catch-up amount for participants who are 50 or older will remain at $7,500. But thanks to SECURE Act 2.0, participants aged 60 to 63 will have a higher catch-up contribution limit, sometimes referred to as a super catch-up, of $11,250.

The law allows for a so-called “super” catch-up contribution of $10,000 or up to 150% of the normal catch-up limit, whichever is greater. “So 150% of $7,500 means individuals 60-63 can contribute $11,250 instead of $7,500 in addition to the standard 401(k) max of $23,500.

In this article, we look at what catch-up contributions are and the rules surrounding them. Catch-up contributions explained. You can make up to $27,500 of concessional contributions in the current year into super. These can include salary sacrifice or personal contributions claimed as a tax deduction in your income tax return.

If you make or receive concessional contributions (CCs) of less than the annual concessional contributions cap of $30,000 pa (for the 2024/25 financial year), you may be able to accrue these unused amounts and carry forward for use in subsequent financial years. This is known as catch-up concessional contributions. Unused cap amounts can be carried forward for up to five years before they expire.

Additionally, if your total super balance is less than $1.9m you can use the bring-forward provision and do a one-off after-tax contribution of $330,000 and use up 3 years worth of non-concessional contributions in one lump sum. There is a rolling 3 year period under the bring-forward provisions and you will be unable to make any more after-tax ...

This is the amount of money a person can contribute to super “before tax” and it includes the Super Guarantee (11% in FY24) that all employers must pay and any salary sacrifice or personal contributions you make to super. “Catch Up” Concessional Contributions allow you to carry forward any unused annual contribution limit for up to five ...

Carry forward concessional contributions, otherwise called catch up contributions, are a way for you to make additional tax-deductible contributions to your super while helping you reduce your taxable income in a given year. This is due to these contributions being taxed at 15% instead of your marginal tax rate outside of super.These contributions fall under your concessional cap which in the ...

27 Sep 2022. How catch-up concessional contributions work. If you’ve had interrupted income, or just haven’t been in a position to put as much into super as you’d like, catch-up concessional contributions may provide an opportunity to top up at a more convenient time.

Catch-up concessional contributions with your super ‘Catch-up’ contributions aim to give people the same opportunity to save for retirement. You can take advantage of catch-ups if you haven’t used your entire pre-tax (concessional) contribution cap over the last 5 financial years.

What this means is, any time over the next five years, Bob could contribute up to the annual concessional contributions cap of $30,000 + the unused cap amount of $20,000, which would mean Bob could contribute up to $50,000 in concessional contributions in one financial year, if his total super balance is less than $500,000 on 30 June of the ...

The amount of concessional contributions that can be made each year is limited by the concessional contribution cap. The current concessional contribution cap is $25,000 per person, per financial year. However, the catch-up carry-forward super contribution provisions may allow for additional contributions to be made. Catch-Up Super Contributions

For example, if your total super balance is $450,000 at 30 June 2021, you can make catch-up contributions for your unused cap in the 2022 financial year. If your total super balance at 30 June 2021 is $550,000, you are not eligible to claim unused super contributions from previous years.

A concessional contribution refers to a contribution that can be claimed as a tax deduction by the contributor, which can encompass mandatory (including Super Guarantee) and voluntary (including salary sacrifice) employer contributions, as well as personal deductible contributions. For the 2021-22 financial year, the annual concessional ...

In this article, we look at what catch-up contributions are and the rules surrounding them. Catch-up contributions explained. You can make up to $27,500 of concessional contributions in the current year into super. These can include salary sacrifice or personal contributions claimed as a tax deduction in your income tax return.

If you make or receive concessional contributions (CCs) of less than the annual concessional contributions cap of $30,000 pa (for the 2024/25 financial year), you may be able to accrue these unused amounts and carry forward for use in subsequent financial years. This is known as catch-up concessional contributions. Unused cap amounts can be carried forward for up to five years before they expire.

Catch-up contributions are additional concessional contributions made to take advantage of previous tax years’ unused concessional contributions cap. If your actual concessional contribution cap was $39,000 for the 2023/24 tax year (due to the carry forward of $9,500) then you could make $36,000 of concessional contributions and the entire ...

Concessional super contributions are made up from the following types of contributions: 1. Employer Super Guarantee. 2. Salary sacrifice. 3. Personal contributions where you claim a tax deduction. The normal annual concessional cap is $30,000 but as you have indicated you may be able to use ‘catch-up’ contributions where you didn’t fully ...

What this means is, any time over the next five years, Bob could contribute up to the annual concessional contributions cap of $30,000 + the unused cap amount of $20,000, which would mean Bob could contribute up to $50,000 in concessional contributions in one financial year, if his total super balance is less than $500,000 on 30 June of the ...