Please explain accumulation account and how is different to my smsf

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Registered: ‎15-02-2017

Please explain accumulation account and how is different to my smsf

I have an SMSF and what I call an investment account with shares. But I don't understand an accumulation account. I am retired so don't have earnings from employment. I have other accounts with shares and managed funds and want to consolidate them into my SMSF. Once I have consolidated everything I guess I will enter the pension phase and draw down money. But at the moment I'm a bit mixed up. Also I was told by a financial adviser that I could have kept my disability pension if I had put my money into an accumulation account

I hope someone can help me and I hope my question is clear enough if you want further clarification please ask

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