Year of Income	Concessional Contribution Cap	Non-Concessional Contribution Cap	Lifetime CGT GCC Excluded
2007-8	$50,000	$150,000	$1m
2008-9	$50,000	$150,000	$1.045m
2009-10	$25,000	$150,000	$1.1m

Between 1 July 2007 and 30 June 2009 a transitional annual concessional contribution cap will apply for people aged 50 or over of $100,000. This is not indexed.  Between 1 July 2009 and 30 June 2012 a transitional annual concessional contribution cap will apply for people aged 50 and over of $50,000.  This is not indexed.

Concessional contributions include employer contributions, salary sacrifice contributions and personal contributions claimed as a tax deduction by a self-employed person.

A 'bring forward' option is available on non-concessional contributions for persons under age 65 i.e. up to $450,000 non-concessional contribution can be made over a three year period.

Between 10 May 2006 and 30 June 2007 a $1m non-concessional contribution could be made.

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