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to have 2mil in super .......

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Quantum Torus

30,098 Posts.

254

31/05/25

17:25

Post #: 79264589
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Originally posted by Hittman: ↑

Maximum TBC for Pension account is currently $1.9M any amounts over that incur the 15% tax on earnings.

It goes up to $2M 1st of July.

If your TBC increases in value after you set it up it still remains tax free.

Example, You set your Super Pension Account up a few years ago when the TBC was $1.7M and had $2.4M in Super

$1.7M went into your Pension account and you withdrew the minimum 4% and you had $700k in your Accunulation account.

Your TBC has risen to $2M now, It is still tax free. Your Accumulation account has risen also, it it is not tax free and tax has been paid on its earnings.

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to have 2mil in super ......
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