| Financial year | General transfer balance cap | Indexation amount |
|---|---|---|
2023–24 and 2024–25 |
$1.9 million |
$200,000 |
2021–22 and 2022–23 |
$1.7 million |
$100,000 |
2017–18 to 2020–21 |
$1.6 million |
Nil |
Indexed annually by Consumer Price Index (CPI) in increments of $100,000
In the year a member first has a transfer balance account, their personal transfer balance cap will equal the general transfer balance cap.
In years following the first year a member has a transfer balance account, a member’s personal transfer balance cap may differ from the general transfer balance cap due to proportional indexation. See the FirstTech Super and Retirement Income Streams guide for more information.
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