The highest recorded transfer balance account amount determines how much of the transfer balance cap indexation an individual is entitled to use.

A breach of the contributions caps is not a complete disaster as it does not even constitute contravening the superannuation legislation.

The federal government has identified the need to encourage individuals to find better ways to use their superannuation savings as a key area of focus in the coming years. Speaking at the Council on the Ageing Australia National Policy Forum 2021: Retirement Incomes in Canberra recently, Superannuation, Financial Services and the Digital Economy Minister Jane […]

The government won’t be introducing extra measures to top up the super balances of people who made use of the coronavirus-related early release provisions.

The intention of an SMSF member with a nil balance can be the determining factor as to whether their inclusion in a fund will be problematic.