The proposed $1.6 million balance cap will, if introduced, will result in substantial changes from 1 July 2017 and is likely to generate significantly more tax on the payment of death benefits. Summary of the new cap The Liberal Government’s balance cap announcement on 3 May 2016 involves: A maximum $1.6 million (plus earnings thereon) … Continue reading $1.6M balance cap examined — more tax on death benefits [read more]