Can I make non concessional contributions to my pension account or it has to be an accumulation account? can I have both accounts, for withdrawal and contributions respectively?
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You can not make any further contributions to an existing pension account.
If you want to make additional contribitions it has to be straight to your accumulation account first, and then you can start another pension.
Your fund can only pay you a pension from a pension account, and it can also pay a lump sum payment from a pension account.
Your fund can pay you a lump sum payment from your accumulation account, but you need to be careful when you do this.
Talk to your fund about what you can do.
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You can not make any further contributions to an existing pension account.
If you want to make additional contribitions it has to be straight to your accumulation account first, and then you can start another pension.
Your fund can only pay you a pension from a pension account, and it can also pay a lump sum payment from a pension account.
Your fund can pay you a lump sum payment from your accumulation account, but you need to be careful when you do this.
Talk to your fund about what you can do.
Thank you very much indeed.
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