Tax-free super: what happens when I start a pension just before turning 60?
Q: I will be 60 in March 2012. Is the compulsory 4% drawdown from my super pension treated on a pro rata basis for my tax return for the 2011/2012 year, or can I draw it down after March 2012 rendering my super income after 60, tax-free?
Super for beginners, part 8: What happens to my super benefits when I retire?
Q: I am an Australian citizen living in the UK and I have an Australian super fund accumulated from 1986-1992 and now growing with investment earnings over time. Additionally, I continue to hold bank accounts in Australia. I am 52 and I intend retiring at age 60. When I do retire can I withdraw the entire super fund as a lump sum and deposit it in to my Australian bank?
