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The general transfer balance cap is set to increase on 1 July 2023 – what does this mean?

Transfer balance cap
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The general transfer balance cap (TBC) is the cap that determines how much an individual can transfer into retirement phase and will increase from the current $1.7m to $1.9m on 1 July 2023. This is the second time that the general TBC has been lifted. This article will look at what this means for retirees […]

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