An article by William Fettes, Bryce Figot & Dan Butler appeared in selfmanagedsuper magazine.
The $1.6m transfer balance cap is one of the most contentious issues that came out of the Super Reforms. From 1st July 2017 there will be a limit of $1.6m on the total amount a member can transfer into, or have sitting in their pension accounts. This article explains a little about the transfer balance cap.
Key takeways from the article:
- What counts as a credit to the transfer balance cap?
- What counts as a debit to the transfer balance cap?
- What happens to the excess?
Access the article by clicking on the image below...