From 1 July 2025, the government has increased the transfer balance cap (TBC) – the limit on how much members can move into a tax-free pension account – from $1.9 million to $2 million. We encourage you to share the following information with your clients:
Superannuation Update – Transfer Balance Cap Now $2 Million
18 September 2025
What does this mean for your clients
If starting a pension now → The personal cap is the full $2 million.
If already in pension phase → The cap may increase, but not always by the full $100,000.
The increase depends on:
- the highest balance they have ever transferred into pension phase, and
- how much of their cap they’ve already used.
The ATO has already updated each member’s personal cap in their online system, based on what has been reported.
How we support members
The transfer balance cap rules can feel complex, but our goal is to make things clearer and easier for members. Together with our partners, we help by:
- Ensuring members’ personal TBC information is accurate and kept up to date in ATO systems.
- Reviewing available cap space and explaining what it means for their retirement planning.
- Providing practical guidance so members can maximise their tax-free retirement income while staying fully compliant with the rules.
- Giving advisers, accountants, and other partners the technical and administrative support needed to communicate confidently with their clients.
Transfer Balance Cap Growth (2017-2025)
Contact your SMSF Partners Representative Today
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