Q: I am 58 and have a few investments in my self-managed super fund that may “pop” in coming years. It appears my best strategy is to get these investments into pension phase as soon as possible. If these assets appreciate well above the $3 million cap, then I should still get income from them tax-free even if the assets in future are worth a multiple of the cap. Obviously minimum pension distributions must be met. Is this correct, and can I do this for only some of my balance? Ian.

A: Your question highlights the extra layer of complexity that the proposed introduction of an additional 15 per cent tax on individual member super balances over $3 million will mean for serious super savers from July 2025.