Understanding the $1.6 million transfer balance cap
Understanding the $1.6 million transfer balance cap | 3 $1.6 transfer balance cap The transfer balance cap limits the amount that can be transferred into what is known as the ‘retirement phase’ of superannuation and receive the benefit of 0% earnings tax. All individuals have their own transfer balance cap. Your personal cap is determined based on a number of things, including the general ... ................
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