One of the factors that may influence the value of a potential balance booster payment is the amount of time you have been invested in the option in a super or TTR income account, as this may impact the capital gains made and also the money set aside for applicable capital gains tax.
If you change investment options prior to moving to Choice Income, your accrued Balance Booster amount may be reduced to zero as some of the money that was set aside is now used to pay the applicable capital gains tax for the assets sold during the switch.
Once you’ve moved to Choice Income, if you withdraw 50% (or more) of your starting account balance within the first financial year there will be a clawback of the entire Balance Booster. The 50% withdrawal threshold could be made up of income payments or additional withdrawals or both. Similarly if you move your Choice Income account back to a super account or to another superannuation fund within the first financial year of the start date, there will be a clawback of the entire Balance Booster.