From www.smsfadviser.com: The increase in the transfer balance cap to $2 million is seen as beneficial, but it may create complexities for individuals based on their previous pension usage, according to Fabian Bussoletti, a technical manager for the SMSF Association.

The most significant advantages will go to those who have not yet started a retirement phase income stream by July 1, 2025, while those who have already fully utilized their personal cap will not benefit.need for careful consideration of contribution strategies and timing due to the complexities introduced by the cap increase.