Defined benefit income cap

$131,250a year

Applies from 1 July 2026
Source: ATO
Last verified 11 October 2026

Value: $131,250 a year
Unit: Australian dollars per year
Applies from: 1 July 2026
Reset cycle: The official figure is reviewed on 1 July each year.
Official source: ATO: Transfer balance cap
Last verified: 11 October 2026, against the official source.

About this figure

An annual limit on income from capped defined benefit income streams. The ATO says a person aged 60 or over whose capped defined benefit income exceeds the cap may have additional tax liabilities.

Related figures

How it is worked out

The general transfer balance cap divided by 16. The published value matches this calculation. The calculation is not taken from the official source.

Change history

Values for this figure, newest first.
Applied from	Value and source
1 July 2026	$131,250 a yearcurrentSource: ATO: Transfer balance cap
1 July 2025	$125,000 a yearSource: ATO: Transfer balance cap
1 July 2023	$118,750 a yearSource: ATO: Transfer balance cap
1 July 2021	$106,250 a yearSource: ATO: Transfer balance cap
1 July 2017	$100,000 a yearSource: ATO: Transfer balance cap

This figure as JSON

{
  "id": "defined_benefit_income_cap",
  "value": 131250,
  "unit": "AUD_per_year",
  "effective_from": "2026-07-01",
  "effective_from_basis": "value",
  "resets": "1_july",
  "source": {
    "publisher": "ATO",
    "title": "Transfer balance cap"
  },
  "verification": {
    "status": "verified_primary",
    "checked_on": "2026-10-11"
  }
}

Also in /api/figures.json. Full record: /api/v2/figures/defined_benefit_income_cap.json