As per attached ATO in regard to MCB is $270,830, will Chris 21 update to the nearest $10 multiple so it's exactly $32500 for high income earners in the TXP screen. (under maximum super contribution base)
If we manually calculate 270830 * 12% = $32499.60 however as per ATO it should be $32500. Please let us know.
FYI. Attachment reads:
How the maximum contribution base is calculated
The maximum contribution base for a financial year is calculated using the following formula (rounded down to the nearest $10 multiple):
Concessional contributions cap × 100 ÷ charge percentage
The concessional contributions cap is the basic concessional contributions cap for the financial year in which the payment is made. From 1 July 2026, the concessional contributions cap is $32,500.
The charge percentage is the super guarantee rate, which is currently 12%.
Therefore the maximum contribution base for 2026–27 is:
$32,500 × 100 ÷ 12 = $270,830
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As per attached ATO in regard to MCB is $270,830, will Chris 21 update to the nearest $10 multiple so it's exactly $32500 for high income earners in the TXP screen. (under maximum super contribution base)
After selecting STP Maximum Super Contribution Base Capping in CFP, we have identified issue in how system applied capping.
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Hi Team,
Any update on this?