Money | Increase to transfer balance cap, what it means for super

By Noel Whittaker
Updated July 2 2021 - 12:34am, first published February 17 2021 - 9:00am
The Superannuation transfer balance cap will go up to $1.7 million from July 1. Many people don't understand the terms around this cap. Picture: Shutterstock.
The Superannuation transfer balance cap will go up to $1.7 million from July 1. Many people don't understand the terms around this cap. Picture: Shutterstock.

In 2016, the Turnbull government made major changes to superannuation, which took effect from July 1, 2017. They were made with the aim of restricting how much you could have in the low tax superannuation environment.

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