+44 207 405 6114 / +44 77187 97917 ben.symons@fieldcourt.co.uk

On 9 May 2017, the Government announced that limited recourse borrowing arrangements (LRBAs) entered into after 30 June 2017 will be treated differently to improve the integrity of the superannuation system.

The outstanding balance of a relevant LRBA will be included in a member’s Total Superannuation Balance (TSB).

Repayments of a relevant LRBA from a member’s accumulation account that result in an increase in the value of a retirement phase account will become credits for Transfer Balance Account purposes.