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Marjorie, 70, had a total super balance of A$2.15 million at 30 June 2026, all in accumulation phase, and has never started a pension. She asks what she can do with her super in 2026-27. Marjorie… (i) can transfer up to A$2.0 million into retirement phase, the general transfer balance cap. (ii) has a nil non-concessional contributions cap for the year.
Statement (i) is false: the general transfer balance cap is A$2.1 million for 2026-27 (ATO, Transfer balance cap, updated 27 Apr 2026), and someone starting their first retirement-phase income stream that year has a personal cap of the same amount; A$2.0 million applied in 2025-26. Statement (ii) is true: the non-concessional cap is nil when the total super balance at the previous 30 June is at or above the general transfer balance cap, and Marjorie's A$2.15 million is above A$2.1 million (ATO, Non-concessional contributions cap, updated 7 May 2026).
Use the 2026-27 figure, A$2.1 million, for both tests.
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