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      2018
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    Pension – Transfer Balance Cap (New in 2018)

    $1.6 million transfer balance cap A transfer balance cap was introduced as part of the 2016 Budget to limit the maximum tax-free pension balance for each superfund member. The amount of the cap will start at $1.6 million[1] effective from 1 July 2017.  Changes in account balance, due to changes in valuations or investment return, have

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