How to view your Transfer Balance Cap

From 1 July 2017 a cap was introduced to limit how much can be transferred to a retirement phase pension for a member (and be entitled to tax free earnings), this is the General Transfer Balance Cap (GTBC). It started at $1.6 million, was indexed to $1.7 million from 1 July 2021 and will be indexed to $1.9 million on 1 July 2023.

If you commenced your first retirement phase pension prior to 1 July 2021, you had a Personal Transfer Balance Cap (PTBC) of $1.6 million. Proportional indexation can now apply in some circumstances which complicates matters. If you commenced your first retirement phase pension after 1 July 2021, but prior to 1 July 2023, then you had a PTBC of $1.7 million. If you commence your first retirement phase pension from 1 July 2023, then you will have a PTBC of $1.9 million. For more information on how to calculate indexation refer to our fact sheet Indexing the Personal Transfer Balance Cap. Due to the complexity, it’s important to understand which transactions impact on your PTBC and whether indexation applies to you.

To read this fact sheet in its entirety download the PDF version here.

Unused Concessional Contributions Cap Carry Forward

The standard concessional contribution cap, the limit for concessionally taxed employer and personal deductible contributions. It is subject to indexation,

Borrowing in your SMSF

Borrowing within a Self-Managed Superannuation Fund (SMSF) can be a useful strategy forinvesting retirement savings, allowing an SMSF to acquire

3 Ways to get into Property with a SMSF

Investing in property through a Self-Managed Super Fund (SMSF) remains a popular topic, as many Trustees are keen to include

Annual Trustee Plan

Managing a Self-Managed Superannuation Fund (SMSF) effectively requires consistent attention andproactive planning throughout the year. This calendar outlines key tasks

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