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Superannuation Standard Choice Form

Superannuation Standard Choice Form

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hi everyone and welcome back to the channel today we're diving into the fascinating world of Australian superannuation and exploring the transfer balance cap if you're new here consider subscribing and hitting that notification Bell so you won't miss any future Financial content now let's get started before we dive into the nitty-gritty let's first understand what the Australian superannuation transfer balance cap is in a nutshell it's a limit on the total amount you can transfer into a tax-free retirement phase account from your superannuation savings the transfer balance cap was introduced by the Australian government to ensure that wealthy individuals don't enjoy excessive tax concessions on their retirement savings currently the transfer balance cap is 1.9 million dollars and this increases with inflation over time increasing by one hundred thousand dollar increments in the next upcoming Financial year however please keep in mind that this amount might c

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