The latest CPI figures have been confirmed and will result in an increase to the general transfer balance cap from $1.9m to $2m from 1 July 2025. Contribution cap increases are measured against AWOTE so will not change though 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 |