Monthly Musings

In this “Monthly Musings” for the month of February we will provide a Market & Economic Conditions Update, re-visit the popular Episode 28 of our short video series 3 Minute Tech titled “Small Business Capital Gains Tax Concessions“, present an overview in our Focal Point section on “General Transfer Balance Cap“, and showcase two flashback episodes of our “Finding the Front” podcast. The first with the Managing Director of gold company Spartan Resources, Simon Lawson, and the second with Australia’s global shipbuilder, Austal CEO, Paddy Gregg.

General Transfer Balance Cap – Increase to $2 million

The maximum balance a superannuation member can move into the tax-free retirement (pension) phase is presently $1.9 million. This is due to a limit introduced in 2017 known as the Transfer Balance Cap (TBC). Indexation of the general TBC to $2 million will occur on 1 July 2025. We explore some of the implications below.