Ask Expert


Transition to retirement strategy

Noel Whittaker | July 30 2008 | The Sydney Morning Herald & The Age (subscribe)

How do conributions to super accounts work for pensions?

Q.

With regard to a transition to retirement strategy - when contributions are paid into our super cash account, can they be added to the capital base of our pension accounts or must we start new accumulation accounts?



A.

You cannot add to an account based pension account. What you can do is accumulate extra funds in a separate super account and at some stage start a separate pension from that account.

Printer friendly version  Printer friendly version      Email to a friend  Email to a friend


top



Advertise with us | Contact us | Site map | About us
Privacy Policy | Conditions of Use | Membership Agreement

Copyright © 2008. Any unauthorised use or copying prohibited.

Check my portfolio for
» Shares
» Managed funds
» Networth
Create a portfolio


Each week financial advisor Noel Whittaker answers your questions.

Topics include:
» Mortgages
» Managed funds
» Superannuation
Ask a question now

Help

eNewsletter
Let our enewsletter Money Sense help you with your finances. Subscribe now.
See sample newsletter