11 steps for refreshing a pension

SMSF technical expert and columnist for The Australian newspaper
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Refreshing pensions in super funds is an old trick but one that is important for people who are taking a pension from their fund but still wanting to make a super contribution.

Refreshing is the term used to describe rolling back one or more pensions combining the account balance with accumulation money in the same fund and then commencing a new pension.

There are three reasons to contemplate these transactions – injecting new capital into a pension, reducing the tax applying to the accumulation assets and avoiding the additional costs of running two or more pensions.

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