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 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.

Related Posts

SMSFs and the Age Pension

Subject to satisfying eligibility requirements, self-funded retirees may qualify for Centrelink benefits such as the Age Pension or the Commonwealth

AFSL 485643
Copyright © 2019 – 2020 SuperGuardian Pty Ltd ABN 57 113 986 968
Liability limited by a scheme approved under Professional Standards Legislation

Disclaimer: Any information that is financial product advice is provided by SuperGuardian Pty Ltd (AFSL No. 485643 ). The advice provided is general in nature and is not personal financial product advice. The advice provided has been prepared without taking into account your objectives, financial situation or needs and because of this you should, before acting on it, consider the appropriateness of it having regard to your objectives, financial situation and needs. You should carefully read and consider any product disclosure statement that is relevant to any financial product that has been discussed before making any decision about whether to acquire the financial product. Please refer to SuperGuardian FSG https://www.superguardian.com.au/pdfs/Financial-Services-Guide.pdf for contact information.

By accessing and/or using information at or through this site each user waives and releases SuperGuardian to the full extent permitted by law from any and all claims relating to the usage of the material made available through the website. In no event shall SuperGuardian be liable for any incident or consequential damages resulting from use of the material.
Site tracking connects your marketing and sales process to your website activity by tracking the webpage visits made by contacts in “real-time”. Provides deeper visitor details when using conversations.