You are here:
The transfer balance account works in a similar way to a bank account. Amounts you transfer into Retirement Pension accounts are added to your transfer balance account. Certain withdrawals from your pension are debited from your transfer balance account. Your regular pension payments do not have an effect on your transfer balance account balance. The maximum balance of your transfer balance account is $1.6 million in 2019-20.
©2019 BUSS (Queensland) Pty Ltd | ABN: 15 065 081 281 | BUSSQ ABN: 85 571 332 201 | BUSSQ USI: BUS0002AU | BUSSQ AFS Licence: 237 860
IMPORTANT: Like most current websites, this site is optimised for Internet Explorer 9.0 (or later) and Microsoft Edge, Safari, Firefox 3 (or later) and Google Chrome. If you are using older versions of these browsers, we suggest you upgrade to a newer version, as using an old version can impact your ability to view newer sites and / or can slow down site speed. For assistance go here: Internet Explorer, Firefox, Chrome and Safari, for any troubleshooting and upgrade advice, please contact the respective browser developer.