Previous announcements:

1. From 1 July 2024, the super guarantee percentage that is required to be paid by employers to their employee’s super accounts, will increase from 11.0% to 11.5%.
   
   
2. From 1 July 2024, annual contribution caps will increase as follows:
   
   • Concessional contributions from $27,500 p.a. to $30,000 p.a.
   • Non-concessional contributions from $110,000 p.a. to $120,000 p.a. Under the 3-year bring forward provisions, the non-concessional cap increases from $330,000 to $360,000.
   
   
3. New individual income tax rates and thresholds will come into effect from 1 July 2024.