I retired six years ago when with a Total Super Balance at the time of $1.2 million. I have now received an inheritance and would like to transfer this to my super account.

Do I transfer it to accumulation or retirement account and what formulas is used for adjusting my TSB up to the new TSB amount.

There are two concepts to be aware of.

First, Total Super Balance. This is fairly straightforward. You can make further after tax non-concessional contributions (NCC) to super if your balance as at the previous June 30 was under $2.1 million. Your total super balance includes all super and pension accounts you have. You can also use the “bring forward” rule and contribute more, depending on your balance. This is shown in the table below.

The other concept you need to be aware of is the Transfer Balance Cap (TBC). There is a lifetime limit on the total amount of superannuation you can move into tax-free retirement phase income streams. For the 2026-27 financial year, the general cap is $2.1 million (the same as the TSB).

For anyone who has NOT already started a superannuation pension/income stream, this is the relevant........

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