Australia. Pension transfer balance cap increase is not all bad news
By Meg Heffron There has been plenty of doom and gloom about the increase in the transfer balance cap that will come into effect on July 1. Remember, the transfer balance cap is the limit on the amount anyone can transfer into what is known as a “retirement phase” pension over their lifetime Retirement phase pensions (so called because they are usually started by people who have retired) are the ones that give the best tax breaks – they allow self-managed super...
