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  • Proportionally indexed personal transfer balance cap available online from 5 July 2021

    On 1 July 2021, the superannuation general transfer balance cap will be indexed and individuals will have a personal transfer balance cap between $1.6 and $1.7 million. This personal transfer balance cap is based on the highest ever balance of your members transfer balance account between 1 July 2017 and 30 June 2021.

    Members will be able to view their personal transfer balance cap in ATO Online and their agents will be able to view this information in Online Services for Agents.

    Your members’ 1 July 2021 personal transfer balance cap will be available online from 5 July 2021. Their personal transfer balance cap may change if a change is reported regarding the highest ever balance of their transfer balance account that took effect before 1 July 2021.

    We will not be processing your reporting between 1 to 5 July 2021. This means we will be unable to issue or revoke excess transfer balance determinations we have sent to a member, or commutation authorities we have sent to a fund. No commutation authorities have been issued to any APRA funds with a due date between 1 and 12 July 2021.

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      Last modified: 24 Jun 2021QC 66096