One Reply to “Spike in lump sum payments likely result Transfer Balance Account rules”

  1. Bah, this Total Balance of $1.6m is most annoying as it demonstrates once more the forever changing Super rules making it almost impossible to plan for your retirement … which is the goal of Super. I retired a little over 10years ago and the Super rules and Aged Pension rules have dramatically been changed over that period of time. So what is the next surprise? Super pensions to be taxed? That will happen, the only question unresolved will be at what Rate? That there will be a limit on how much you can withdraw in a year from your Super? That will happen, it’s Just a question of when that will occur. And the biggie, politicians frequently claim that Super savings are not an inheritance scheme …. I dare not predict that outcome.

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