Superannuation strategies to reach a $2 million retirement balance

Apr 16, 2026 – 5.00am

Ask financial advisers with high-income-earning clients, and they’ll tell you $2 million is the super balance those clients should aspire to have by retirement.

Why $2 million? Because that’s the current amount someone can transfer into a pension account and begin to draw down on, tax-free. It’s known as the transfer balance cap (and from July 1, it increases to $2.1 million).

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