I'm retiring soon

While there’s no limit to how much super you can have while you’re accumulating your super (as an Accumulation or Defined Benefit Division [DBD] member), if your total super balance is $1.6 million or more, you can’t make any more non-concessional (after-tax) contributions without tax consequences.

Once you're ready to retire, you can only transfer up to $1.6 million into your pension account, tax free. You can generally leave any remaining balance in your super account or explore investments outside super.

If you also have super with another fund, consider checking out MyGov for a central and secure way to keep track of all your super funds. Remember, it's your responsibility to make sure your total super balance remains under the cap.

We're here to help

As a UniSuper member, you have exclusive access to a team of advisers from UniSuper Advice. They can help you understand these changes and explain how they may impact your own financial situation. Contact UniSuper Advice.