All the info on the Qantas Super Income Account including transfer bonus, eligibility checker and how to apply.
Just like there are caps on the amount you can contribute to your super each financial year, there’s also a limit on the amount of super you can transfer to the retirement phase.
The retirement phase, which has no tax on earnings, generally refers to the money you have in an income account as a Retirement Member, or an account-based pension.
The limit is called the transfer balance cap, and it came into effect on 1 July 2017. Its aim is to limit the use of super as a vehicle for tax minimisation or estate planning.
If you want to learn more or need help with making a decision about your super, you can get simple advice over the phone or face to face. It’s included as a part of your membership so there’s no extra cost.