SuperGuide

Superannuation and retirement planning information

Q&A: Can we use a recontribution strategy at 70 if we have a large transfer balance?

Q&A: Can we use a recontribution strategy at 70 if we have a large transfer balance?

Q: Can a recontribution strategy work where an SMSF has 2 members aged 70 and 68 with current member balances of $1.7 million each and transfer balance caps of $1.6 million each?

A: First of all, let's just have a look around what the Recontribution strategy actually is. You may have heard about it, but you may not know what it actually is.

About the author

Garth McNally

Garth has worked in the Australian Superannuation industry for over 20 years with a specific focus on self-managed super funds. He provides ongoing support and training to individuals as well as to professionals working in the superannuation area, including advisers, accountants and lawyers. He is a regular contributor to industry publications and to the leading professional bodies including Chartered Accountants Australia & New Zealand (CA ANZ).

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