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  • Difference between the general transfer balance cap and total superannuation balance

    Your transfer balance account and total superannuation balance are calculated differently and are not related.

    The general transfer balance cap is a limit on the amount of superannuation that can be transferred into the retirement phase.

    A total superannuation balance is calculated at a particular time by adding together the value of all your superannuation interests less any structured settlements. It is relevant when working out your eligibility for the contribution caps, co-contributions and tax offsets.

      Last modified: 06 Dec 2022QC 54354