அனைத்தும் குழுக்கள் நுகர்வோர் ப்ரைஸ் குறியீட்டு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Understanding the $1.6 million super transfer balance cap February 2, 2021 — 9.00pm Save Normal text size Advertisement I am confused about the $1.6 million cap on superannuation balances. What happens to any excess over this amount? If I had $2 million in super and converted $1.6 million into pension mode, would I still have access to the remaining $400,000? What would my options be? There is a common misunderstanding about the $1.6 million transfer balance cap. Credit:Simon Letch As its name implies, this is the maximum amount of super a person can transfer from “accumulation mode” to “pension mode” in their lifetime. If you had $2 million in super and transferred $1.6 million from “accumulation mode” to “pension mode”, the fund balance would then comprise $400,000 in “accumulation mode” and $1.6 million in “pension mode”.

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