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My understanding is we can use segregated method and allocate assets to pension balance. Only a full asset can be segregated. But a bank account can be subdivided into sub accounts in ledger. Please share your thoughts.
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Hi Gulshan
Thanks & agreed you are correct re the $1.6M cap still remaining and not increasing to $1.7M.
The TSB threshold for working out if someone has disregarded small fund assets or not for purposes of when a Fund can use segregated method for ECPI is not linked to the general TBC and it remains at $1.6M in 2021/22. This $ number is written in the legislation (in the ITAA).
The ITAA at section 295.387 states that for disregarded small fund assets just before the start of the year "a person has a TSB that exceeds $1.6M".
Thanks
SMSF AAA