Retirement Action Plan (Australia 2025-26)

For 2025-26, the concessional cap is $30,000 (this includes employer SG). The non-concessional cap is $120,000 — or you can trigger a bring-forward up to $360,000 over 3 years if your total super balance allows. The Action Plan above evaluates your remaining headroom and dollar impact at your marginal rate. Use the super calculator to model scenarios.

The Transfer Balance Cap (TBC) is the lifetime cap on amounts you can move into retirement-phase pensions. For 2025-26 it is $2,000,000 (indexed in $100k steps). Excess amounts attract the excess transfer balance tax (15% in year 1, 30% from year 2). The Action Plan flags warnings if your pension balance approaches the cap.

From age 55, after selling your main home held for at least 10 years, each individual can contribute up to $300,000 to super (couples: $600k combined). Lodge ATO form NAT 75073 within 90 days of settlement. The downsizer contribution does not count towards your NCC cap and is unaffected by your total super balance.

A recontribution strategy converts the taxable component of super into the tax-free component by withdrawing a lump sum (after preservation age) and recontributing as a non-concessional contribution. For non-dependant beneficiaries (e.g. adult children), this saves 15% (plus 2% Medicare) death-benefit tax on the taxable component.

Centrelink applies an income test and an assets test, and the higher reduction applies. Income test: above the free area, your pension is reduced by 50c per $1. Assets test: above the free area, $3 reduction per fortnight per $1,000 of excess assets. The Action Plan estimates your annual age pension entitlement based on your inputs. Use the age pension calculator for a detailed breakdown.

A TTR pension can be useful from age 60 (preservation age) when you are still working: it lets you draw 4-10% of your super balance per year, often with no earnings tax inside the pension if you have also met a condition of release. Pair it with salary-sacrifice to capture (marginal minus 15%) tax savings. Use the TTR calculator to model your scenario.