There is a limit on the total amount of superannuation you can transfer to a retirement phase income stream. This is known as the transfer balance cap.
For the 2025-26 financial year, the transfer balance cap is $2 million. Your individual cap will be different if you've held a retirement phase account
with any provider since 1 July 2017.
This cap will be indexed, and increases will be in increments of $100,000. The amount of indexation that you'll be entitled to will depend on how much of
your transfer balance cap you've used. If you meet or exceed your transfer balance cap, you won't be entitled to indexation.
If you have a number of income streams or pension accounts (not including Transition to Retirement Income accounts), either at QSuper or across multiple
super funds, you need to be aware that your combined account balances will all count towards this limit. Special rules apply for non account-based income streams.
Visit the Australian Taxation Office's website for more about the transfer balance cap or log in to the ATO Online Services portal to see your individual transfer
balance cap details.
If you go over the transfer balance cap:
The ATO will let you know that you need to remove the excess amount, plus any associated investment earnings, from your Retirement Income account.
They'll also apply tax on those earnings – see the PDS for more information on this.
You won't be considered as having gone over the cap if your Retirement Income account balance grows to more than your cap due to investment earnings.
If you're concerned that this limit might impact your retirement plans, you should think about getting financial advice.