Lump sums versus pensions in retirement

SMSF technical expert and columnist for The Australian newspaper
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Key points

  • The two main attractions of super pensions in SMSFs for those aged at least 65 are their tax-free nature – both the investments themselves and the income paid – and the fact that there is no maximum on the income drawn.
  • The main advantage with lump sums is their flexibility.
  • The good news is that if you feel you have made the wrong decision, then with good paper work you can easily change your mind.


Australia’s retirement policy has always had one feature shared by few other countries – we allow retirees to take all their money out of super and do whatever they want with it.

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