For those who are eligible, there are significant tax advantages in having most of your super funds in a pension. Tax can also be reduced with a reconstitution strategy. All do-it-yourself super fund members over their preservation age (currently 55 for those born before July 1, 1960) or with unrestricted, unpreserved benefits, are able to move their accumulation account into pension phase at any time. Yet far too often, DIY and other super members don't consider starting a pension, especially when the member is working or does not need additional income.
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