Merging Accumulation and Pension Accounts?

Yes.  Pension accounts can be wound up (commuted or ceased) at any time of the year and merged back into accumulation and then re-established as a new pension.  Supervision can automatically merge your pension & accumulation account into a new pension at the end of each year if you place a recurring order to do so.  We are able to do this at any time during the year for an additional fee of $250 Inc GST for each pension.  If you set up an automatic merge at year end a discount applies at $110.  This process allows the SMSF to increase its tax free status over the course of the year. Automatically merging pension accounts has an impact on the taxable and tax free status of your member entitlements, so it is not always best to automatically merge them for estate planning reasons.  It is best to check out what is best, by contacting Supervision SMSF today.