I have two accounts - pension and accumulation. I want to merge my accumulation account with my pension account. I understand that the way to do this is to reset the pension. This is done by commuting the pension by transferring the funds to the accumulation account and then start a new pension. My question relates to the taxable component. By commuting the pension does the taxable component become nil? Is this the same as the strategy for preventing tax payable by non-dependents. That is the pension is commuted and paid to the account holder. The account holder then re-invests the funds into a new pension account. My understanding is this eliminates the taxable component and the pension is all tax free. In the latter case the reinvestment is a non-concessional contribution and subject to the limits. Do funds in the first case (always remaining in either pension or accumulation) retain the original taxable/tax free components. Can these transfers be accounting entries or does actual cash have to be transferred?