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Transfer balance cap

Last updated 15 October 2023

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. All your super account balances (regardless of how many you have) will be included to calculate this amount,

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

Table 25: General transfer balance cap

Year

General Transfer Balance Cap

2023–24

$1,900,000

2022–23

$1,700,000

2021–22

$1,700,000

2020–21

$1,600,000

2019–20

$1,600,000

2018–19

$1,600,000

2017–18

$1,600,000

Defined benefit income cap

Table 26: Defined benefit income cap

Year

Defined benefit income cap

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

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