Q: I turn 60 in May 2018. Is the compulsory 4% drawdown from my super pension treated on a pro-rata basis for my tax return for the 2017/2018 year, or can I draw it down after May 2018 rendering my super income after 60, and then tax-free?
You ask a popular question relating to tax-free super for over-60s, and the timing of superannuation pension payments in the financial year when an individual turns 60. For the benefit of other readers, at the end of my response, I also explain the minimum pension payment rules that you refer to in your question.
How are super benefit payments taxed?
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