Indexation of the general transfer balance cap

Indexation of the general transfer balance cap

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...
First Home Super Saver Scheme

First Home Super Saver Scheme

The First Home Super Saver Scheme was legislated on the 13th December 2017. The scheme allows you to save money for a first home inside your super fund helping first home buyers, whether constructing a new residential property or purchasing an existing one, save...