/ 'Transfer balance cap'

24 May 2023
SMSF members with market-linked pensions whose balances exceed the transfer balance cap may now have an exit route to greater flexibility, better tax outcomes and preferrable estate planning options.
25 Jan 2023
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. 
24 Jun 2021
Whilst the focus may be on 2020-21 year-end matters for SMSFs, such as contributions being receipted and minimum pensions paid by 30 June 2021, there are a number of changes taking place on 1 July 2021.
31 May 2021
As the current 2020–21 financial year draws to a close, it's time for a quick fire health check to make sure your client's SMSF finishes the year with no compliance issues or missed opportunities.
26 Jan 2021
The transfer balance cap (TBC) was introduced as part of the 2017 super reforms to limit the amount a person could transfer to a retirement phase pension, for example an account-based pension. The transfer balance cap started at $1.6m, however, legislation allows for the indexation of the cap in $100,000 increments in line with the All Groups consumer price index (CPI).
7 Sep 2020
On 1 September the ATO released their awaited guidance on the transfer balance cap (TBC) assessment of commuted market linked and life expectancy (term) pensions.

Search by keywords