General transfer balance cap to rise on 1 July 2025
The general transfer balance cap (TBC) will increase from $1.9 million to $2 million on 1 July 2025, in line with inflation.
Key points
- The defined benefit income cap (DBIC) will also rise to $125,000 (up from $118,750) for the 2025–26 income year.
- This adjustment will affect individuals with a personal TBC, as those who haven’t previously reached or exceeded their cap will receive a proportional increase based on their remaining cap space.
- From 1 July 2025, anyone commencing a pension for the first time will have a personal TBC of $2 million.
You can check your personal TBC via ATO online services through myGov or call Allan Hall’s superannuation specialists for TBC help.