Pension reduction

Discussion in 'Superannuation, SMSF & Personal Insurance' started by ethereal, 18th Sep, 2017.

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  1. ethereal

    ethereal Member

    Joined:
    1st Jul, 2015
    Posts:
    13
    Location:
    Adelaide, SA
    We are 75 with SMSF. We want to minimise the reduction of our balance caused by our pension withdrawals. I have just heard that we can re-contribute part or or all of the pensions but must pay 15% tax which is ok. Our cash balance is too low to cover the pensions. We'd like to avoid selling any shares.

    Can we do it by "paper" transactions rather than selling some shares to obtain enough cash, transferring the pensions to personal bank accounts then making contributions or does the ATO require a bank account trail?