What happens if I exceed the transfer balance cap?

Excess above the transfer balance cap must be commuted (withdrawn) from the pension phase back to accumulation phase, and an excess transfer balance tax is levied on the notional earnings above the cap.

Is the $1.9M cap indexed?

The transfer balance cap is indexed to CPI in $100,000 increments. Individuals who started a pension before indexation receive a proportional personal TBC rather than the full indexed amount.

Australia Superannuation Transfer Balance Cap Calculator

Calculate the Australian superannuation transfer balance cap (․1.9 million for 2024) limiting total super transferred to tax-exempt pension phase, and proportional indexation for those who previously started a pension.

Principal ($)

Annual Rate (%)

Years

Compounding / Year

$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Calculate the Australian superannuation transfer balance cap (․1.9 million for 2024) limiting total super transferred to tax-exempt pension phase, and proportional indexation for those who previously started a pension. Use the au transfer balance cap result to inform your calculation.

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Australia Superannuation Transfer Balance Cap Calculator

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Frequently Asked Questions

What happens if I exceed the transfer balance cap?

Is the $1.9M cap indexed?