Understanding super terminology

An individual’s Transfer Balance Cap (TBC) and Total Superannuation Balance (TSB) are calculated differently andare separate concepts. When the super reforms of 2017 came into effect, the general TBC was set at $1.6 million and the TSB limit for making non-concessional contributions was set at the TBC of $1.6 million. On this basis the concepts are quite often confused. In general terms, paying a retirement phase pension is subject to our play for free rolette game TBC and eligibility for various contribution rules is subject to our TSB. In this fact sheet we will explain the two concepts andwhere they matter for SMSFs.

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

Step by Step Instructions to Appointing SuperGuardian as your Tax Agent Video

Watch this video to see step by step instructions how to appoint SuperGuardian as your Tax Agent.

Appointing SuperGuardian as your Tax Agent

Self-Managed Superannuation Funds are required to use the Client-agent linking nomination process to appoint a Tax Agent or update the

Guide to Pensions in SMSFs

When a member meets a condition of release, they become eligible to commence a pension using some or all of

Valuations for Year End Reporting

It is a legal requirement that all SMSFs record and report all assets at market value. Failure to report assets

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