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Showing 1 - 10 of 66 results for "transfer balance cap"

ASIC zeroes in on recurring compliance breaches

VINNY VUCAGO  |  THURSDAY, 10 SEP 2026
ASIC has warned financial advice licensees to address lapses in reference checking, professional indemnity insurance and superannuation advice practices in an update released this week. The regulator has recently released new guidance for professional ...

Transfer balance cap to rise to $2.1m

JAMIE WILLIAMSON  |  FRIDAY, 30 JAN 2026
Following the release of the Consumer Price Index (CPI) figures this week, the superannuation transfer balance cap (TBC) will increase on July 1. Australian Bureau of Statistics (ABS) data showed CPI rose to 3.8% in the 12 months to December 2025, up ...

Treasury unveils major super tax changes

JAMIE WILLIAMSON  |  MONDAY, 13 OCT 2025
... will be indexed to CPI. For the $3 million threshold this will occur in increments of $150,000, as with the Transfer Balance Cap. For the $10 million threshold, this will be in $500,000 increments. Treasury made clear the changes will not capture anyone ...

Allow couples tax-free super splitting: Hume

JAMIE WILLIAMSON  |  FRIDAY, 5 SEP 2025
... the rollover, and the amount rolled over cannot cause the receiving fund's balance to then breach the transfer balance cap. "This is all about choice; allowing couples to manage their collective retirement savings to reflect their collective choices ...

Patience urged over 'shortsighted' super tax

ELIZA BAVIN  |  FRIDAY, 16 MAY 2025
... account' or even the 'actuarial value' of their pension. It's whatever was reported back in 2017 for their transfer balance cap. "Ever since, the same amount has been recorded for that pension in their total super balance. Conceptually this doesn't make ...

Transfer balance cap to rise on July 1

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2025
While the official word will come from the Australian Taxation Office (ATO) in March, the December 2024 inflation figures released by the Australian Bureau of Statistics (ABS) yesterday confirmed the indexation of the cap. Currently $1.9 million, from ...

Adviser queries jump 40%: AMP

ELIZA BAVIN  |  THURSDAY, 11 JUL 2024
... related to superannuation contributions and home ownership issues, whereas over one in 10 related to the transfer balance cap, means testing or TPD benefit tax issues. Similarly, one in 10 queries received involved dealing with a death benefit, treatment ...

Treasury mulls transfer balance credit provision reforms

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
... balance purposes and incur adverse outcomes for some; it could result in a net increase which could cause their transfer balance cap to be exceeded, resulting in additional taxation or requiring them to commute funds held elsewhere, sometimes both. Treasury ...

Government to amend transfer balance cap laws

ANDREW MCKEAN  |  FRIDAY, 27 OCT 2023
The government is progressing legislative amendments to the transfer balance cap (TBC) for individuals with a capped defined benefit income stream. Assistant treasurer Stephen Jones said this is another step to improve the efficiency of the superannuation ...

SMSFs brace for more reforms: Expert

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... year. Investment Trends' SMSF Adviser Report found that new policy proposals, including indexation of the transfer balance cap and the $3 million cap present a variety of engagement opportunities for financial advisers. On average, SMSF advisers ...
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