Source: Australian Department of Revenue
About the transfer balance cap
The transfer balance cap applies from 1 July 2017. It is a limit on the total amount of superannuation that can be transferred into the retirement phase.
You can make transfers into the retirement phase as long as you remain below the transfer balance cap.
Special rules apply for defined benefit income streams.
General transfer balance cap
|
Year |
General transfer balance cap ($m) |
|---|---|
|
2025-26 |
2 |
|
2024–25 |
1.9 |
|
2023–24 |
1.9 |
|
2022–23 |
1.7 |
|
2021–22 |
1.7 |
|
2020–21 |
1.6 |
|
2019–20 |
1.6 |
|
2018–19 |
1.6 |
|
2017–18 |
1.6 |
Defined benefit income cap
|
Year |
Defined benefit income cap |
|---|---|
|
2025-26 |
$125,000 |
|
2024–25 |
$118,750 |
|
2023–24 |
$118,750 |
|
2022–23 |
$106,250 |
|
2021–22 |
$106,250 |
|
2020–21 |
$100,000 |
|
2019–20 |
$100,000 |
|
2018–19 |
$100,000 |
|
2017–18 |
$100,000 |