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  • Difference between the transfer balance cap and total superannuation balance

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

    The 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.

    See also:

      Last modified: 18 Oct 2019QC 54354