From 1st July 2015 (ie for the 2015/16 income year) people aged 50 or more will be able to contribute upto $35,000 from all sources. For everyone under 50 the concessional contributions cap is $30,000.

From 1st July 2017 the concessional contributions cap has decreased to $25,000 for All individuals regardless of age.

From 1st July 2017 All individuals under 75 will be allowed to claim a tax deduction for their personal contributions.