The general transfer balance cap will increase from $1.9 million to $2 million from July 1, 2025 – barring any government intervention – following the release of the quarterly consumer price index data on January 29.

The transfer balance cap is the limit on the amount of money that can be moved into super’s tax-free retirement phase. It previously increased by $200,000 to $1.9 million on July 1, 2023.