Total superannuation balance is measured at 30 June of the previous financial year. Total superannuation balance is the total of all the components outlined in the table below.
Total super balance component | 30 June value of: |
---|---|
Accumulation phase value at 30 June |
Any superannuation interest that is not in the ’retirement phase' is in the accumulation phase. Examples of accumulation phase value include:
If the member does not have a transfer balance account, the accumulation phase value is reduced by any structured settlement contributions. |
Adjusted retirement phase value at 30 June |
The 30 June adjusted retirement phase value is the 30
|
In transit rollovers at 30 June |
Amount of any |
Certain outstanding LRBA amounts |
A member’s share of any outstanding loan balance under a limited recourse borrowing arrangement (LRBA), where:
|
For more information, see the FirstTech Super guide.
Please note, the calculation of total superannuation balance is proposed to change from 30 June 2025. However, at the time of writing the Bill to implement this change had not yet been introduced into parliament. Please see the FirstTech Super guide for more information.