From www.smsfadviser.com: Clients may benefit from delaying the commencement of an income stream due to the general transfer balance cap being indexed to $2 million.

Those nearing retirement could wait until July 1, 2025, to potentially access an additional $100,000 in their TBC.

Individuals only have a personal TBC once their income stream is in the retirement phase, which occurs when certain conditions are met, such as reaching age 65.