Total super balance
Your ‘total super balance’ on 30 June each financial year can impact future contributions and eligibility for certain benefits.
What is your total super balance?
Your total super balance (TSB) for a financial year is the value, at 30 June of the previous financial year, of all of your:
- accumulation or pre-retirement (transition to retirement pension), opens in new window phase accounts
- retirement phase, opens in new window accounts, such as an account based pension, opens in new window, and
- funds in the process of being transferred from one super account to another (known as ‘in-transit rollovers’).
The ATO will determine your TSB based on information it receives from your super funds. You can find out your TSB by logging in to your www.my.gov.au, opens in new window account.
Why is it important?
Your TSB is important because it impacts your:
- eligibility to make non-concessional contributions, opens in new window
- eligibility to make catch-up concessional contributions, opens in new window
- entitlement to the Government co-contribution, opens in new window, and
- entitlement to the spouse contribution tax offset, opens in new window.
You should consider your TSB when making a contribution related to these.
Your TSB is important because it impacts your:
- eligibility to make non-concessional contributions
- eligibility to make catch-up concessional contributions
- entitlement to the Government co-contribution, and
- entitlement to the spouse contribution tax offset.
You should consider your TSB when making a contribution related to these.
What next?
Find out more about Super and retirement rules.
Got a question?
Get set in the right direction with help and guidance available over the phone, online or face-to-face.
General advice and information only
Any advice and information on this website is general only, and has been prepared without taking into account your particular circumstances and needs. Before acting on any advice on this website you should assess or seek advice on whether it is appropriate for your needs, financial situation and investment objectives.
Tax disclaimer
Any general tax information on this website is intended as a guide only and is based on our general understanding of taxation laws. It is not intended to be a substitute for specialised taxation advice or an assessment of your liabilities, obligations or claim entitlements that arise, or could arise, under taxation law, and we recommend you consult with a registered tax agent.
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