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  • 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. 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

    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

    2022–23

    $106,250

    2021–22

    $106,250

    2020–21

    $100,000

    2019–20

    $100,000

    2018–19

    $100,000

    2017–18

    $100,000

    Last modified: 13 Jan 2023QC 18123