Question: My wife and I are both 68 and retired. I have $1.5 million in a pension phase superannuation account and my wife has $160,000 in her personal super account. I am in the process of selling an investment property in my name that could generate around $1 million post tax. Would it be wise to add this to my wife’s super as a tax effective way of investing the post tax investment funds and if so, how much could be contributed? I assume I can’t add to my pension super account. John.
A: Having started an account-based pension from your superannuation does not prevent you from making contributions from the proceeds of the property sale to both your account and that of your wife, says financial planner Jemma Sanderson of Perth-based Cooper Partners Financial Services.
