For the 2026 tax year, the IRS has announced increased contribution limits for retirement plans, with the primary 401(k), 403(b), and most 457(b) plans rising to $24,500 for employees.
Key takeaways. The IRS sets the maximum that you and your employer can contribute to your 401(k) each year. For tax year 2025, the most you can contribute to a Roth 401(k), a traditional 401(k), or a combination of the two is $23,500. For 2026, this rises to $24,500 for 2026.
The basic and new State Pension will be uprated by 4.8% from April 2026. This note outlines details of uprated amounts for the relevant benefits from April 2026.
If you contribute to a TDA, 403(b) Thrift and/or 401(k), then generally the total amount contributed to all plans may not exceed $23,500 ($31,000, if age 50 or older; $34,750, if attaining age 60, 61, 62 or 63 in 2025). Exceptions apply to certain 403(b) plan participants and governmental 457(b) plan participants.
For the financial year 2025-26, the concessional super contribution cap is $30,000. This means you can contribute up to $30,000 to your super fund from your pre-tax income without incurring additional taxes.
Cost-of-Living Adjustment (COLA) Information for 2026
The 2.8 percent cost-of-living adjustment (COLA) will begin with benefits payable to nearly 71 million Social Security beneficiaries in January 2026.
From 20 September 2025, the full pension is available, under the assets test, for homeowner singles whose assessable assets are under $321,500 – for homeowner couples the number is $481,500. The numbers for non-homeowners are $579,500 and $739,500 respectively.
"Under the triple lock, the full state pension will increase by a minimum of 2.5 per cent in future years, meaning in 2027/28 it will be at least £12,861," he stated. "This is above the personal allowance of £12,570, which is already frozen until April 2028, with speculation of an extended freeze until 2030.
For 2026, 401(k) investors under 50 can contribute $24,500 to their company plans, plus $8,000 in catch-up contributions if they're over 50, for a total of $32,500. In addition, people age 60 to 63 can make “super-catch-up” contributions: $11,250 on top of $24,500.
This means the State Pension will increase by 4.8% on 6 April 2026. This takes the maximum from £230.25 to £241.30 per week. If you reached State Pension age before 6 April 2016, the full amount of basic State Pension will increase to £184.90, up from £176.45.
The Enhanced Retirement Sum (ERS) has increased to $440,800 in 2026. If you are 55 and above this year, you can top up your Retirement Account to the current ERS to enjoy higher CPF LIFE monthly payouts. Learn more about the benefits of topping up at: cpf.
In the organisation's super balance update, it found 2.5 per cent of the population have a super account of more than $1 million, as of June 2021. This represents 417,567 individuals, ASFA said, and is a 29 per cent increase from the 322,200 individuals who held over $1 million in June 2019.
For people aged 60, Fidelity's retirement savings guidelines recommend an amount in savings worth six times your salary in order that you have enough to maintain your standard of living in retirement. So, someone earning £60,000 would need £360,000 in savings - which can mean money both inside and outside of pensions.
Currently the transfer balance cap is $2 million. After you retire any amounts over the cap need to be transferred into an accumulation account or withdrawn taken out as a lump sum. Earnings on any excess amount in your retirement account are taxed at 15%.
The maximum you can contribute is $300,000 or the sale price of your home, whichever is less. You may make more than one contribution, but the total must not exceed this maximum.