Have I assumed too simple a scenario?
I assumed you meant old mate had a $1M income account (pension account in something like Aussie Super) and that was the only super account involved at that time.
I assumed you were talking about then withdrawing a lump sum from that $1M income account, and then putting that lump sum back into an income account via a quick visit in an accumulation account.
Did I read the events wrong?
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Have I assumed too simple a scenario?I assumed you meant old...
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