Jul 9, 2026 – 1.05pmQ: My partner is 62 and planning to retire in less than a year. He has $1.6 million in super and $1 million in cash outside super after selling investment properties. Should he transfer as much as he can into super but keep below the $2.1 million transfer balance cap next year using the cash outside super? Or should he draw down the cash to fund his retirement until it is exhausted before moving his super into pension phase? I am still working, so even the minimum drawdown percentage will be more than we need. I am also still planning to accumulate as much super as I can, as I won’t be retiring for at least five years. We have spoken to a few advisers on the phone and all recommended setting up an SMSF. I have my doubts about an SMSF and its liquidity, and the costs associated with it going forward – TiffanySubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles