TBC 1 - Transfer balance cap unwrapped

Since the introduction of the transfer balance cap (TBC) on 1 July 2017, the TBC rules limit how much money an individual can transfer from their accumulation account into the tax-free retirement phase to commence an income stream. 

While the increase to the TBC on 1 July 2021 to $1.7 million won't be an issue for individuals starting an income stream after this date, the change to the TBC can make things more complex for many individuals already drawing an income stream. This is because rather than having a single TBC that applies to everyone, many retirees will end up having their own personal TBC limit that will range somewhere between $1.6 million and $1.7 million. 

In this session, we’ll go back to basics and explain the TBC rules in detail, including how the TBC rules work, how indexation of the TBC can impact clients already in retirement phase, tips and traps to be aware of and how to ensure clients do not exceed their personal TBC limit. 

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Price: $148.5 (members) | $198 (non-members)

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More information:

   Thursday 4 November                 Natasha Panagis     Slides  
   12:30-1:30pm Melbourne time       Live webinar    Recording 
   1 CPD point      $99 (members) | $132 (standard)        Notes

 

Presented by Natasha Panagis


Natasha is a highly experienced wealth management specialist with expertise in superannuation, SMSFs, retirement planning, taxation, estate planning, insurance, social security and aged care. With a seasoned ability to interpret and broadly disseminate complex information through an understandable and practical lens, Natasha has often been sought by and quoted in the media. By developing policy and advocacy positions to Government, regulators and other key stakeholders, Natasha is actively involved in shaping Australia’s financial services industry.

When
4/11/2021 12:30 PM - 4/11/2021 1:30 PM
Where
Online, Australia

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