Get TBC out of your head, your fixated on it. TBC is just referencing the Pension Phase. You are limited to how much of your Super into pension phase via the TBC. Once it is in Pension Phase it can grow to as much as it likes and it remains tax free, regardless if it exceeds $3M
Once Division 296 Tax comes in, that will not be the case.
Currently TBC is indexed and goes up by $100k When inflation adjustment calls for it, currently $1.9M but rises to $2M from July.
Eventually it will rise to $3M and even though currently if one has more than $3M in a Super pension account that is currently tax free, it won't be afterwards.
You said, Pension accounts are currently Tax Free up to $3M. This is not true,
