What is the concessional contribution cap for 2026–27?

$30,000 per person, covering employer Super Guarantee, salary sacrifice and personal deductible contributions across every fund you hold. Contributions inside the cap are taxed at 15% in the fund.

What is the non-concessional contribution cap for 2026–27?

$120,000 per person, or up to $360,000 using the three-year bring-forward rule if you are under 75. Your cap is nil if your Total Super Balance was $1.9 million or more at the prior 30 June.

What are the minimum pension drawdown rates?

The standard account-based pension factors are 4% under 65, 5% at 65–74, 6% at 75–79, 7% at 80–84, 9% at 85–89, 11% at 90–94 and 14% from 95. The percentage applies to your pension balance at 1 July and must be paid in cash before 30 June.

How is the minimum pension calculated in the first year?

It is pro-rated from the day the pension starts to 30 June, based on the number of days remaining in the financial year. If the pension starts on or after 1 June, no payment is required that year.

What happens if my SMSF underpays the minimum pension?

The pension is treated as having ceased at the start of the year, so earnings on those assets lose their exempt current pension income status and are taxed at 15%. The ATO allows relief only for small, quickly corrected underpayments.

Is the Transfer Balance Cap still $1.9 million?

Yes, the general Transfer Balance Cap is $1.9 million. Your personal cap can be lower if you started a retirement-phase pension before the last indexation, and it is tracked by the ATO through TBAR lodgements.

When are these figures updated?

This page is reviewed each June for the new financial year. The current figures apply to 2026–27 and were last reviewed on 22 August 2026.

Updated for 2026–27

Australian super rates and thresholds 2026–27

By easySMSF, SMSF Specialist Team · Reviewed 22 August 2026

Every contribution cap, balance threshold and pension drawdown factor an SMSF trustee needs for the 2026–27 financial year — on one page, reviewed each June.

Contribution caps 2026–27

Caps apply per person across every super fund you hold, not per fund. Exceeding a cap creates an ATO determination, extra tax and an interest charge.

Item	2026–27	Detail
Concessional (before-tax) cap	$32,500	Employer SG, salary sacrifice and personal deductible contributions combined. Taxed at 15% in the fund. More
Non-concessional (after-tax) cap	$130,000	Nil cap if your Total Super Balance was $2.1m or more at the prior 30 June. More
Bring-forward (3 years)	$390,000	Under 75 at any time in the year, subject to your Total Super Balance at the prior 30 June. A 2-year bring-forward of $260,000 may apply instead, depending on your balance. More
Carry-forward concessional	Up to 5 prior years	Available only if your Total Super Balance was under $500,000 at the prior 30 June. More
Downsizer contribution	$300,000 per person	From age 55, from the sale of a qualifying main residence. Sits outside both caps.
Super Guarantee rate	12%	The final legislated step, in effect from 1 July 2025.
Payday Super	Each payday	From 1 July 2026, employers must pay SG contributions on or near payday rather than quarterly.

Balance and pension thresholds 2026–27

These thresholds decide how much you can move into a tax-free retirement pension and whether extra tax applies.

Item	2026–27	Detail
General Transfer Balance Cap	$2.1m	Lifetime limit on capital moved into retirement-phase pensions for 2026–27 (up from $2.0m in 2025–26). Your personal cap may differ. More
Total Super Balance threshold	$2.1m	At or above this at the prior 30 June, your non-concessional cap is nil.
Carry-forward eligibility	$500,000	Total Super Balance must be below this at the prior 30 June.
Division 296 threshold	$3m	Law from 1 July 2026 (first assessments after 30 June 2027): extra 30% tax on realised earnings attributable to the balance above $3m, and extra 40% above $10m. Thresholds are indexed.
Preservation age	60	Everyone born after 30 June 1964 has a preservation age of 60. More

Minimum pension drawdown factors 2026–27

Once your SMSF starts an account-based pension it must pay at least the minimum amount in cash each financial year. The factor is applied to the pension account balance at 1 July (or at commencement, pro-rated, in the first year).

Age at 1 July	Minimum factor	On a $800,000 balance
Under 65	4%	$32,000
65–74	5%	$40,000
75–79	6%	$48,000
80–84	7%	$56,000
85–89	9%	$72,000
90–94	11%	$88,000
95 or more	14%	$112,000

Worked example: a 67-year-old with $800,000 in pension phase at 1 July must withdraw at least $40,000 (5%) before 30 June. Full minimum pension guide.

Go deeper: supporting guides

Super contribution caps 2026–27

Every cap in one place — concessional, non-concessional, bring-forward and downsizer.

Concessional contribution caps

Before-tax contributions, carry-forward rules and how the 15% contributions tax works.

Non-concessional contribution caps

After-tax contributions, the bring-forward rule and Total Super Balance limits.

SMSF minimum pension payments

Drawdown factors by age, pro-rata rules in the first year, and what happens if you underpay.

Transfer Balance Cap and TBAR

How the $2.1m cap is tracked and when your fund must lodge a transfer balance account report.

SMSF pension guide

Starting an account-based pension inside your SMSF, from documentation to first payment.

Reviewed annually

Figures are checked against the ATO's published key superannuation rates and thresholds each June for the new financial year. ATO source

Rates and thresholds FAQ

General advice warning

Figures shown are illustrative only and based on the inputs and assumptions you provide. They are general information, not personal financial product advice. Consider your objectives, financial situation and needs, and seek personal advice from a licensed financial adviser before acting. easySMSF does not hold an Australian Financial Services Licence (AFSL).