What strategies can I consider to reduce tax on a super pension paid from my SMSF?
When and how you withdraw income from your super in retirement can have significant tax benefits.
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When and how you withdraw income from your super in retirement can have significant tax benefits.
When you retire there’s more than one way to withdraw income from your super; we explain your options.
The minimum amount you are required to withdraw from your super pension doubles from 1 July 2023, as the temporary halving of rates to ease the pressure on retirees during the pandemic draws to an end.
Should you put all your super into an account based pension or invest some in a fixed term deposit? What are the pros and cons? If you put some super into a fixed term deposit and then roll it over at the end of the term, will you then start paying tax on returns?
What are the considerations in equalising spouse super balance in light of the proposed additional 15% tax on super balances over $3 million?
Given that in pension phase income is exempt from tax, I’m wondering about the pros and cons of entering into pension phase with accumulated losses for capital gains. Does it matter at all?
Choosing an annual payment for your account-based pension can be difficult, with many retirees choosing to stick to the minimum. Find out what to consider when setting your payments – you may comfortable withdrawing more than you thought.
Once the super account is a pension account, can a lump sum be withdrawn, say, after one year of receiving a pension from it?
Is it allowable to commute a pension, add the additional funds, and then restart a “new pension” with the increased amount, all on the same day?
Can I immediately, after making these contributions, transfer my accumulation super to a pension account, or do I need to wait three years due to the bring-forward?
Before withdrawing your super, it’s important to understand the proportioning rule and how it will impact the amount of tax you will pay on your super savings.
Changes to the means testing of lifetime annuities have changed potential Age Pension entitlements for retirees who purchased their annuity before or after 1 July 2019.
New rules will allow older people to add to their super without meeting the work test but thought needs to be given to how those contributions are made.
Retirees often withdraw the minimum amount from their super pension for fear they will outlive their savings. But recent studies show many could safely spend more. So what is a ‘’safe” withdrawal rate?
Sheena Stow-Smith from PensionHelp answers reader questions about how super affects disability support.
Aakash Mehta answers readers questions about account-based super pensions and when it’s appropriate to start one.
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