Industry super funds and the $1.6m limit

The same pension cap rules apply to super in industry funds, but watch the costs.

Question: I note that most of the questions on the $1.6 million cap and capital gains pertains to self-managed super funds. There has not been any discussion for those members who have above this amount in industry based superannuation funds.

Could you throw some light on how these funds will cater for the excess over $1.6 million as it pertains to capital gains. I have approached the two industry funds which I am a member of and have so far heard nothing but a deafening silence.

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