I am 59 and am not able to find job. I recently contributed after tax saving of $450k which brought my SMSF super balance to $900k. My partner has a very secure job and is in a high earning profession. Therefore I have no need for a pension ie for paying bills etc. My financial planner still thinks that I should start a transition to retirement pension, key reason is 15% tax that applies to the super funds earnings will be saved. Her suggestion is that pension should be put in a bank and after 3 years put back into super. 1. Looks like lot of recycling but not sure of the reasons/advantage. 2. She wants me to start the pension this year. Are there advantages in doing it before 30 June? Any help will be greatly appreciated.