Tax with Max: Transferring pension assets

Transferring pension assets back into accumulation, the assets test, and more.

I recently saw a suggestion about transferring assets in one’s pension fund back into accumulation phase. The purpose was to reduce the pension assets, thereby reducing the amount one has to take out as a minimum, if one does not require all the income one is forced to take. If my wife and I have both a pension and accumulation fund currently, is there an age limit at which one cannot make this transfer? How does one make the transfer, say, of BHP shares from one fund to another? And are there costs or complications?

Answer: The great benefit of the new simpler superannuation system is that you can commute all or part of your pension at any time and transfer that value back into accumulation phase. There is no age limit that applies to your ability to do this.


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