The latest AWOTE figures have been released confirming that there will be no increase to the contribution caps in the 2026 year.
The CPI figures, released previously, have already resulted in an increase to the general transfer balance cap from $1.9m to $2m from 1 July 2025 so the application of the NCC 3 year bring forward rule will be against a higher transfer balance cap as per the table below.
To 30 June 2025
| TSB @ 30 June 2024 | Max NCC |
| Less than $1.66m | $360,000 |
| $1.66m to under $1.78m | $240,000 |
| $1.78m to under $1.9m | $120,000 |
| $1.9m and over | $0 |
From 1 July 2025
| TSB @ 30 June 2025 | Max NCC |
| Less than $1.76m | $360,000 |
| $1.76m to under $1.88m | $240,000 |
| $1.88m to under $2m | $120,000 |
| $2m and over | $0 |
Note that the increase in the general transfer balance cap will mean that pensions commenced from 1 July 2025, for a pensioner who has not commenced a pension previously, will see an increased limit of $2m. Of course, the convoluted calculation of the personal transfer balance cap’s indexation will be applied to other pensioners.
