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Transfer balance cap

Home > News > Posts > Transfer balance cap
Transfer balance cap

The amount of money you can transfer from your accumulation account into your tax-free retirement account is limited by a transfer balance cap (TBC).  From 1 July 2021, the current $1.6m general TBC will be indexed to $1.7m and once indexed, no single cap will apply to all individuals (each person will have an individual TBC between $1.6m and $1.7m).

The 1 July 2021 superannuation changes
19 May 2021 The 1 July 2021 superannuation changes

Changes from 1 July 2021 will impact on how much money you can …

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