The transfer balance cap explained

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?

Tracey Besters

Access the article by clicking on the image below...