“What some people might be looking to do, [however], and I’m seeing this more with clients where there’s a blended family, is set up another fund,” Ms Sanderson said.

“They have one fund where their transfer balance cap amount is and the assets supporting that, and they have another fund that they set up where all of their other assets [go for] the accumulation account.”

Ms Sanderson said having this in place enables them to segregate to some degree because they just have their pension assets in the one fund and all other assets in another fund.

“It also has an added benefit from an estate planning perspective in that if you want some of your super to go to your children from your previous relationship, you can designate that in one of the funds and have the other fund go to the spouse,” she said.

“So there’s the ability to tick off on both of those boxes from that perspective.”

For clients with multiple pension accounts, one consideration with this strategy is the taxation components in each pension account.

“You will probably want the pension accounts that have a 100 per cent tax-free component or the highest proportion of tax-free component to form part of that $1.6 million,” Ms Sanderson said.

“Then the ones with the highest taxable component [should] be pulled back into accumulation phase.”