Jun 18, 2026 – 4.00pmQ: I’ve just retired at 68 wanting to maximise the tax-free component of my super that I will pass to my adult non-dependent children and minimise death tax. I hold two accumulation accounts: one has $1.37 million that is wholly taxable, and the other $1.115 million comprising $285,000 taxable and $830,000 tax-free. With a transfer balance cap of $2 million, only part of each balance can be transferred to the pension phase.Should I choose to start a pension in the high-tax-free $1.115 million account and top up to the cap from the taxable account, or the reverse – and is there merit in keeping two separate pensions? My wife’s super position is near-identical, and we both have total super balances above $2 million. And assuming our super grows above the pension cap, could I, at around 79, commute the pension back to accumulation and start a fresh pension up to the cap once growth has pushed balances past the cap? – PraveeshSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles