So I think I got some clarity today on this. To take funds out of accumulation phase I.e. your super account they have to be moved into your pension account, you can’t just take a lump sum out of accumulation to a bank account.

Therefore anything over your transfer balance cap if withdrawn from your pension account as a lump sum will be subject to 15% tax and then prob 30% when it’s over $3m if that passes.

This doesn’t mean you can’t leave a large balance in the pension account or your super account. Does that make sense?