Superannuation lump sums

A superannuation lump sum is generally an ad-hoc cash payment from a super fund. You can usually withdraw more than one lump sum, but regular withdrawals from a super fund are generally known as a retirement income stream.

The following articles are filed under Superannuation lump sums.

SMSFs: Taking lump sums from accumulation account

July 30, 2010

Q: With a SMSF with two members both having accumulation and pensions, when you draw down pension amounts the drawdown amount reduces the pension balance in accordance with the concessional/non concessional percentages and any super contributions go into the accumulation account.

Good news: Super pension income excluded from Health Card test

May 13, 2009

Contrary to pre-Budget announcements, the Government is not proceeding with the measure to include gross tax-free superannuation pension income in the adjusted taxable income test for the Commonwealth Seniors Health Card. The Budget papers use the term ‘gross tax-free superannuation [...]