SMSF Transfer Balance Cap Calculator
The general cap is $2,000,000.00 for FY 2025-26. Indexes in $100,000 increments tied to CPI; the next step lifts the general cap to $2,100,000 from 1 July 2026.
Inputs
Result
- General TBC (FY 2025-26)
- $2,000,000.00
- Personal TBC
- $2,000,000.00
- Current transfer balance
- $0.00
- Remaining cap space
- $2,000,000.00
- Excess transfer balance
- $0.00
If you started a pension before 1 July 2025, your personal TBC may be lower than the general cap due to historic indexation rules. Check your transfer balance account via myGov for your exact personal cap.
Related
Statute
ITAA 1997 Div 294 (transfer balance cap regime). General TBC $2,000,000 (FY 2025-26 from 1 Jul 2025); $2,100,000 (FY 2026-27 from 1 Jul 2026). Indexed by $100,000 increments in line with CPI.Frequently asked questions
What is the Transfer Balance Cap?+
A lifetime cap on the total amount of super you can transfer into the tax-free retirement (pension) phase. Set under Division 294 ITAA 1997 and tracked by the ATO via a transfer balance account.
Why is my personal cap different from the general cap?+
Indexation works proportionally. If you've ever been at or above your personal cap, you get no indexation. If you've used part of the cap, you get a partial indexation increase. Only people who have never started a retirement-phase pension get the full general cap.
What happens if I exceed it?+
The ATO issues an excess transfer balance determination. You must commute the excess back to accumulation phase and pay excess transfer balance tax (15% first breach, 30% subsequent).
Last reviewed:
Not financial or tax advice. Educational estimate under ITAA 1997 Div 294. Does not model commutations, structured settlement contributions, or defined-benefit income stream debit-credit specials. Verify against your ATO myGov transfer balance account.