A member has been in pension phase for 100% of their member balance for a number of years. The member will be in paid employment in both the entire 2020 and 2021 financial years and each of those year will receive $5k in super from their employer, therefore that amount ($10k) is in accumulation phase. On the 29th June 2020 their SMSF will pay a $100k pension which the member will immediately transfer back on 30th June 2020 as a non-concessional contribution. On the 1st July 2020 their SMSF will also pay a $100k pension which the member will transfer back on the 2nd July 2020. This is to reduce the taxable component of the member's balance. 1. Can the 2nd pension start on the 1st July 2020 with only the $200k tax-free amount or does it have to include the $10k amounts in accumulation phase which has a taxable component, being a total of $210k for the 2nd pension? 2. If there are 2 pensions for a member, does the bank account transactions for the minimum pensions come out as 2 separate transactions, or can the minimum pension of both be sent as one transaction?