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Inflation figures confirm TBC won’t be indexed in 2020

SMSF practitioners can breathe a sigh of relief following the release of official inflation figures for the December 2019 quarter, which did not reach the threshold required to necessitate indexation of the transfer balance cap on 1 July this year.

Inflation figures confirm TBC won’t be indexed in 2020
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  • Shared by the ifa
  • January 30, 2020
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The Australian Bureau of Statistics’ CPI figure for December, released on Wednesday, revealed the index had reached 116.2 in the final quarter of 2019, which, while slightly higher than expected, was 0.7 point below the required level for TBC indexation.

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