Transfer Balance Cap Increased to $2 Million from 1 July 2025

From 1 July 2025, the general transfer balance cap (TBC) has increased from $1.9 million to $2 million.

This cap limits the amount of superannuation that can be transferred into a retirement (pension) phase account and also affects eligibility for making non-concessional contributions.

What does this mean for you?

• If you started a pension before 1 July 2025 and haven’t reached your personal cap, you may be eligible for a proportional increase—depending on how much of your cap you’ve used.

• If you start a pension on or after 1 July 2025, your personal cap will be the full $2 million.

Updated personal caps now available

As of 11 July 2025, updated personal transfer balance caps are now visible in ATO Online Services.

If you’d like to discuss how the transfer balance cap changes may affect your superannuation strategy, please don’t hesitate to get in touch with us.