Commuting and restarting pension

Ian Coulson

• 01 October 2026 06:40

Client has a retirement pension account and an accumulation account. He wishes to add his accumulation balance to his pension. I propose to :

Commute the current pension to the accumulation account

Restart the pension using the full amount of the updated accumulation account (original pension balance + accumulation)

There are no TBC issues and member is over 65 and all transactions will take place on 1 July.

Is this the correct procedure?

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• Official comment

  

  Racquel Rose David

  • 05 October 2026 01:25

  Hi Ian,

  Thanks for reaching out! Happy to confirm the process for you.

  Yes, that's the correct procedure. In Simple Fund 360, commute the current pension back to accumulation, then commence a new pension using the combined accumulation balance. As both transactions are on 1 July, you don't need to run Create Entries beforehand.

  See How to create a pension from a contribution received on the same day? for the full process.

  If you have any further questions, feel free to reply here or contact our support team.

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