The Australian Taxation Office has increased some key rates and thresholds for people who want to top up their superannuation.
From July 1, concessional and non-concessional contribution caps and the general transfer balance cap will increase for the first time in four years, Minister for Superannuation Jane Hume said.
Employers must pay 9.5 per cent of an eligible worker's earnings into a super account. Under current laws, the minimum contribution will rise to 10 per cent on July 1 and 12 per cent by 2025.
Extra payments from individuals are also encouraged with tax relief.
Concessional contributions are those made into a super fund before tax, including through salary sacrifice arrangements, and are taxed at a rate of 15 per cent in the super fund.
The annual concessional contribution cap will increase from $25,000 to $27,500.
Non-concessional contributions are made into a super fund after tax is paid.
The annual non-concessional contribution cap will also increase on July 1, from $100,000 to $110,000.
An indexed increase in the transfer balance cap will see that rise from $1,600,000 to $1,700,000.
The transfer balance cap is a limit on how much super can be transferred into a tax-free retirement account.