If you have super in the pension phase, and the balance is, say $1.55m, but the price of shares goes up, or dividends are received, and the value goes above $1.6m, have you breached your transfer balance cap?

HI Sam,

Investment earnings both positive or negative do not affect your balance transfer account. If for example you start a pension with $1.55M as you said, your balance transfer account will be $1.55M, future investment earnings do not affect this, only future commutations from the pension. So, if the balance grows above $1.6M, this will not breach the balance transfer cap.

Cheers,

Glenn