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What is the Transfer Balance Account Report (TBAR)
From 1 July 2023, all SMSFs are required to lodge Transfer Balance Account Reports (TBARs) quarterly within 28 days after each quarter’s end. The Transfer Balance Cap rises to $2 million in July 2025 with proportional indexation applied to individuals. Some reportable events, such as excess commutations, require faster reporting. Timely and accurate TBAR lodgement is critical to maintain SMSF compliance and pension phase tax exemptions.
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