Should they start an account-based pension or put money into a high earning interest bank account?
Only a licensed financial adviser (AFSL) can advise on whether you should start or stop income streams, or can advise on specific investments
Also,
would there be tax payable on an inheritance from a pension account as non-dependant?
Yes - on the 72 %taxed component
Unless SMSF wound up before death of member.
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