What is the superannuation transfer balance cap and why should you care?

by ADLV Law Team | 6 - 287, 6 - Build and protect your wealth (including trusts)

Everyone gets a $1.6 million cap on the assets that can support a tax-free super pension. You and your spouse each get a separate cap. But super pensions that pass to you from your spouse when they die may put you over your cap. This will have adverse tax outcomes. You need to plan for this as part of your estate planning.