What is the CGT Cap?
The CGT cap for superannuation contributions is a lifetime contributions cap for some contributions relating to the small business CGT concessions.
The CGT cap is a lifetime cap – an opposed to the annual contribution caps, however it is indexed and these indexed amounts increase a persons lifetime cap. For example, say a member had used $ 1,100,000 of their cap in the 2009/10 financial year – the full amount of their cap. When the cap indexed for the next year their remaining lifetime CGT cap would have increased to $ 55,000, due to the indexation.