If you're a healthcare professional focused on building a strong retirement strategy, it pays to stay informed. From 1 July 2025, some key superannuation thresholds remain unchanged — but one significant cap is increasing, creating fresh opportunities for tax-effective planning.

Here’s what you need to know as FY26 begins.

Contribution Caps: Holding Steady (for Now)

Concessional Contributions — Still $30,000

The annual concessional cap remains at $30,000. This includes:

• Employer SG contributions
  
• Salary sacrifice arrangements
  
• Personal contributions claimed as a tax deduction
  

These contributions are taxed at 15% on entry (or 30% for high-income earners subject to Division 293 tax).

Catch-up opportunity:
If your total super balance is under $500,000 as at 30 June 2025, you may be able to make additional contributions using unused concessional caps from the past five years. This is especially useful for healthcare professionals with fluctuating income or variable clinic profits.

Non-Concessional Contributions — Still $120,000

Non-concessional (after-tax) contributions also remain unchanged. While these aren’t tax-deductible, they’re still a smart way to boost your super balance.

You can contribute up to:

• $120,000 per year
  
• Or $360,000 at once by triggering the bring-forward rule (subject to age and your total super balance)
  

This is particularly relevant if you're approaching retirement and looking to strengthen your tax-free retirement nest egg.

Transfer Balance Cap Increases to $2 Million

Here’s the big news for FY26:
From 1 July 2025, the Transfer Balance Cap (TBC) increases from $1.9 million to $2 million.

This cap determines how much you can move into a tax-free retirement income stream, such as an account-based pension.

What this means for you:

• If you're transitioning out of clinical work, you now have more room to invest within a tax-free environment.
  
• If you're over 60, pension withdrawals and earnings within the pension phase remain completely tax-free.
  
• If you’ve already started a pension, your cap is personal and may vary (from $1.6M to $2M), depending on your prior transfer history.
  

This increase is a significant opportunity to future-proof your retirement strategy — especially for self-employed or practice-owning professionals.

Why This Matters for Healthcare Professionals

Whether you’re a GP, dentist, allied health specialist or practice owner, you’re likely juggling:

• Variable income
  
• Business and clinical responsibilities
  
• Long-term wealth goals
  

These latest changes mean it’s an ideal time to:

• Maximise contributions while current caps still apply
  
• Use any carry-forward concessional contributions available
  
• Plan ahead to utilise the new $2 million tax-free cap effectively
  

Want to Make the Most of the FY26 Super Changes?

Superannuation is more than just a savings vehicle — it’s one of the most powerful tools for long-term, tax-efficient wealth building.

If you’re not sure how these changes impact your situation — or whether you’re making the most of the rules — let’s talk.

Speak to a financial adviser who understands the healthcare profession.
We can help you:

• Assess your current super structure
  
• Maximise your contribution opportunities
  
• Build a retirement plan tailored to your career stage and income mix
  

Talk to an adviser today for personalised advice.