Super Reforms – Pension Cap Effect
Previously we considered the new pension terminology. We will now consider the interaction between the terms. PLEASE NOTE THAT THE TABLES WILL NOT BE LEGIBLE ON A MOBILE DEVICE. Bill is 65 and has an account based pension balance of $800,000 on 30/6/2017. Detail PB TBA PTBC GTBC Pension Balance @ 1/7/2017 P$800,000 P$800,000 P$1,600,000 P$1,600,000 PNet Increase after Pension @ 30/6/2020 P$840,000 P$800,000 P$1,600,000 P$1,600,000 P$100,000 Cap Indexation 1/7/2020 P$840,000 P$800,000 P$1,650,000 P$1,700,000 PB = Pension balance...