The $1.6 million transfer balance cap

The $1.6 million transfer balance cap – what does it mean for you? The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst those changes was the introduction of a $1.6 million transfer balance cap which limits the tax exemption for assets funding superannuation pensions. This new limit on … Continue reading The $1.6 million transfer balance cap