General transfer balance cap indexation on 1 July 2025

News Tax & Compliance Law & Policy Updates

Date: 26th Feb, 2025 Source: Australian Taxation Office (ATO) Country: Australia Original Source

Brief

"On March 26, 2025, the Australian Taxation Office (ATO) issued an update regarding General transfer balance cap indexation on 1 July 2025. The general transfer balance cap will increase to $2 million from $1.9 million, with defined benefit income cap increasing to $125,000 for the 2025-26 income year. This change affects individuals' personal transfer balance caps and total super balance, impacting non-concessional contributions caps and eligibility for spouse tax offset and co-contributions."

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Australian Taxation Office (ATO)

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General transfer balance cap indexation on 1 July 2025

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General transfer balance cap indexation on 1 July 2025

Brief

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