From 1 July 2021, the transfer balance cap is changing. That means the amount you can move into a retirement product may change from $1.6 million to up to $1.7 million. This amount will depend on your circumstances.

It is different for everyone and the changes could make a significant difference for some members. We recommend you speak to your financial adviser to find out how or if this change impacts you.

If you’ve never had a retirement phase income stream before:


If you start a retirement phase income stream for the first time on or after 1 July 2021, your personal transfer balance cap will increase from $1.6million to $1.7million.

So, If this is you, you are therefore now permitted to transfer up to $1.7million into retirement phase products, such as the Income Stream, when the time comes.

If you had a retirement phase income stream before 1 July 2021


  • If the balance of your retirement phase income stream was $1.6million or more at any time between 1 July 2017 and 30 June 2021, your transfer balance cap remains at $1.6million.
  • In all other cases, your transfer balance cap will be between $1.6million and $1.7million, accordingly linked to the highest ever balance of that account.

Changes to other concessional caps

There are also changes to the caps (or limits) on some other types of contributions for people whose super balance is $1.7 million or more at 30 June 2021:

  1. you will not be eligible for ‘bring forward’ arrangements
  2. you’ll have a non-concessional contribution cap of zero
  3. you will not be entitled to a Government co-contribution

Also, you will not be able to claim the tax offset for superannuation contributions made on behalf of a spouse or claim a deduction for contributions made on behalf of your spouse if your spouse’s super balance is more than $1.7 million on 30 June 2021.

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The ATO website has all the details on how you can see your highest account balance. You can also find out your personal transfer balance cap. Plus, you can find information about the concessional and non-concessional caps there.

We’ve also got videos about the different limits and caps on our website. Check the Videos page here.


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