In this guide
The superannuation rules allow eligible super fund members to make contributions up to the age of 75 and, in many cases, without the need to meet a work test. What’s more, you may still be eligible to contribute to your super fund even when you are already accessing your retirement savings by way of a pension!
While this presents opportunities to top up your super pension even as you make withdrawals, you need to consider how these new contributions are handled given that new contributions can’t be made into an existing pension account (more on this later).
So, should these contributions be used to commence a new pension from your super fund?
Or do you stop your existing pension and then recommence a new, larger pension that includes these new contributions?
Before deciding which approach is taken, certain issues need to be considered.
Learn more about the tips to make the most of the contribution rules.
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