Inheritance & Super Rules After Retirement | Australia News

Got an inheritance after retirement? Think twice before tossing it into your super — there are strict caps and rules you can’t ignore. Your Total Super Balance and Transfer Balance Cap both cap how much you can add tax-free, with the current limit at $2.1 million. If you’ve already started a retirement income stream, your personal cap is calculated based on your highest ever balance — it’s complex math best left to experts. Check MyGov or consult your super fund or financial advisor to avoid ATO headaches. And if you still have a mortgage? Using super to pay it off could slash monthly bills and unlock full pension eligibility — simpler than home equity schemes. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e836b5da33621f2c