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 can be transferred to a retirement phase pension for a member. The cap ultimately restricts the entitlement a fund has to receive a tax exemption on retirement phase earnings. On face value the GTBC concept is relatively straight forward.

Each individual will have their own personal transfer balance cap (PTBC) which will initially align with the GTBC in the year they commence a retirement phase pension. Based on how much an individual commences a pension for will determine how their PTBC is indexed

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2021-22 Federal Budget Update

The 2021/22 Federal Budget has been delivered and it’s reasonable to say that SMSFs have fared well, albeit there is

Death and Incapacity – Who is in control of your SMSF?

With many trustees citing ‘control’ as one of the primary reasons for establishing an SMSF, there are many SMSF trustees

Why is an Enduring Power of Attorney essential?

We all recognize the need for a will when we begin to plan for our future and the future of

Cryptocurrency Investments for SMSFs

Cryptocurrency is a term used to describe digital assets used as a medium of exchange. The records of ownership are

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