How to view your Transfer Balance Cap

From 1 July 2017 a cap was introduced to limit how much can be transferred to a retirement phase pension for a member (and be entitled to tax free earnings), this is the General Transfer Balance Cap (GTBC).

It started at $1.6 million, and has been indexed as follows:

1 July 2021 – $1.7 million

1 July 2023 – $1.9 million

1 July 2025 – $2 million

If you commenced your first retirement phase pension prior to 1 July 2021, you had a Personal Transfer Balance Cap (PTBC) of $1.6 million. Proportional indexation can now apply in some circumstances which complicates matters. If you commenced your first retirement phase pension after 1 July 2021, but prior to 1 July 2023, then you had a PTBC of $1.7 million. If you commence your first retirement phase pension from 1 July 2023, then you will have a PTBC of $1.9 million. If you commence your first retirement phase pension from 1 July 2025 then you will have a PTBC of $2 million. For more information on how to calculate indexation refer to our fact sheet Indexing the Personal Transfer Balance Cap.

Due to the complexity, it’s important to understand which transactions impact on your PTBC and whether
indexation applies to you.

To read this fact sheet in its entirety download the PDF version here.

Bring Forward Contributions

The ability to bring-forward future year entitlements to make non-concessional contributions has been in place for many years now. Prior

Indexing the Personal Transfer Balance Cap

The General Transfer Balance Cap (GTBC) was introduced from 1 July 2017 and is a cap on the how much

Insurance Premiums – To claim or not to claim a tax deduction

There are strategic reasons why you might not claim a tax deduction on life or Total and Permanent Disability (TPD)

Understanding super terminology

An individual’s Transfer Balance Cap (TBC) and Total Superannuation Balance (TSB) are calculated differently and are separate concepts. When the

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