Due to indexation, the concessional cap will increase to $30,000 per year and the non-concessional cap will increase to $120,000 per year from 1 July 2024.
The increase to the non-concessional cap also affects the bring forward rule.
www.northcityaccountants.com.au
Suite 7, 545, McDonalds Road,
South Morang
VIC 3752
AUSTRALIA
Name: Northcity Accountants
Bank Name: Westpac Banking Corporation
BSB: 033 073
Acc No: 461482
P O Box 1030, Epping,
VIC 3076 Australia
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