What Is The Limit On 401k Contributions 2024 Uk. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.

Personal contribution limits for 401 (k) plans increased in 2024 to $23,000—up $500 from $22,500 in 2023—for people under age 50. Read ca44 to find out more about rates.