Transfer balance cap Archives

Advice opportunity for clients with market-linked pensions

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.

Indexation of the transfer balance cap – here we go again!

Transfer balance cap

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.

What to expect on 1 July 2021

Accumulation & contributions Transfer balance cap

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.

Are you ready for the end of 2020-2021?

Accumulation & contributions Transfer balance cap

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.

Release of December quarter CPI consequences for the transfer balance cap

Transfer balance cap

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).

Latest on SMSFs from the ATO and parliament

Income streams/pensions Transfer balance cap

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.

Blog

/ 'Transfer balance cap'