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Total superannuation balance

Total superannuation balance

Section: 18.3

A member's 'total superannuation balance' at a particular time is the sum of:

  • Accumulation phase values: the total value of superannuation interests that are not in the retirement phase.
  • Retirement phase values: the value of a member's transfer balance account (but not less than nil), adjusted for any structured settlement contributions and the current value of account based income streams.
  • Rollover superannuation benefits: the amount of any superannuation benefits not reflected in accumulation phase or retirement phase as they have been rolled over and are in transit between funds,

reduced by the sum of any structured settlement contributions.

Last modified: Wednesday, July 24, 2019