Calculate potential excess transfer balance tax liabilities.
ITAA 1997 Division 294 Standards
* Calculations based on ITAA 1997 Division 294. Results are for illustrative purposes.
* Excess transfer balance tax is 15% of the excess amount.
* Your personal TBC may be higher if you had a pension before indexation dates.
Excess transfer balance tax applies when your total super balance exceeds your transfer balance cap at the end of a financial year. This tax is designed to limit the amount that can be transferred into retirement phase.
Important: This calculator is for illustrative purposes only and does not constitute legal or financial advice. For professional advice regarding your specific circumstances, please consult with a qualified SMSF adviser or accountant.