HI, Im looking at setting up an account based super pension, but continuing some part time work. Im 60 yrs old. Will I still be allowed to make personal contributions to a second super account (which is in the accumulation phase), and will the limits on this (and the tax treatment) be the same as they were before I started the account based pension?
Will I still be allowed to make personal contributions to a second super account (which is in the accumulation phase),
Yes, but you need to pass a condition of release before starting a retirement phase pension.
and will the limits on this (and the tax treatment) be the same as they were before I started the account based pension?
Yes
and will the limits on this (and the tax treatment) be the same as they were before I started the account based pension?
Should be the same, but you should get proper advice based on your circumstances.
All replies
Will I still be allowed to make personal contributions to a second super account (which is in the accumulation phase),
Yes, but you need to pass a condition of release before starting a retirement phase pension.
and will the limits on this (and the tax treatment) be the same as they were before I started the account based pension?
Yes
and will the limits on this (and the tax treatment) be the same as they were before I started the account based pension?
Should be the same, but you should get proper advice based on your circumstances.
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