The MSCB for 2023-24 is $62,270 per quarter ($249,080 per year), which equals a maximum SG contribution by your employer of $6,849.70 per quarter ($62,270 x 11%). The MSCB is a quarterly income figure, so it aligns with the requirement for your employer to make SG contributions into your super account on a quarterly basis.. Prior to 1 July 2023, your total super balance needed to be below $1.48 million for you to be able to contribute the full three years of annual caps ($330,000) under the bring-forward rule. On 1 July 2023, this threshold increased to $1.68 million. If your total super balance is above this limit, your ability to bring forward future year caps.
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employer contributions (including contributions made under a salary sacrifice arrangement). October – December 2023. 7.15%. 0.019589041095890%. July – September 2023. 6.90%. 0.018904109589041%.. you could contribute up to $1 million of non-concessional contributions to your super fund. This limit was referred to as the transitional.. The superannuation guarantee is the official term for compulsory super contributions made by employers on behalf of their employees. The superannuation guarantee amount for 2023-24 is 11% of an employee’s ordinary time wages or salary. This rate is scheduled to increase progressively to 12% by July 2025, as outlined in the table below. Period.
