Dec 2021 Super Updates

Super Updates – Dec 2021

There is the latest Super Updates before End of the year.

Super Updates

ATO Preservation Age

The Preservation Age remains 58 until 30 June 2022

From 1 July 2022 the Preservation age will be 59

Your preservation age depends on when you were born. You can use this table to work out your preservation age.

Preservation age based on date of birth
Date of birthPreservation age
Earlier than 1 July 196055
1 July 1960 – 30 June 196156
1 July 1961 – 30 June 196257
1 July 1962 – 30 June 196358
1 July 1963 – 30 June 196459
From 1 July 196460

What does the preservation age mean?

Preservation age is so-called because your super benefits are ‘preserved’, or locked away, until you reach your preservation age and meet a release condition. Super benefits are simply the sum of all contributions made by you or your employer over the years plus investment earnings.


Your preservation age isn’t the same as your pension age. Your preservation age is the age at which you can access your super if you’re retired (or have started a transition to a retirement income stream). Refer to Services Australia for the age pension eligibility requirements.

Other information:

Super Transfer Balance Caps Updates:

The General Transfer Balance Cap increased to $1.7 Million dollars on the 1 July

First transfer date*Transfer amountTransfer balance cap from 1 July 2021
On or after 1 July 2021Up to $1.7 million$1.7 million
Before 1 July 2021Less than $1.6 million$1.6 million – $1.7 million
Before 1 July 2021$1.6 million$1.6 million

* Transfer date refers to the day that you first commenced a retirement pension.

Concessional Contributions Cap $27500

Non-concessional Contributions Cap $110,000

CGT Cap Amount $1625000

Low-Rate Cap $225000

Untaxed Plan Cap $1615000

Need more help on Superfunds?

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