The general transfer balance cap is currently $1.6 million. From 1 July 2021, it will be indexed to $1.7 million.
When the general transfer balance cap is indexed to $1.7 million, there won’t be a single cap that applies to all individuals. Every individual will have their own personal transfer balance cap of between $1.6 and $1.7 million, depending on their circumstances. Click here to read the full article.
