Question: Could you provide your opinion please as I have had conflicting advice.
I intend to withdraw $80,000 of pension payments during the 15/16 FY. The payments are to be lump sum payments, taxed using the low rate cap. The partial commutation payments would be counted towards, and meet, the minimum pension requirements of 4% of the pension account. The reason for this request is so I can earn $20,000 as a casual employee (then 100% salary sacrifice further income) and still have the pension payments as a tax free lump sum using my low rate cap.
If I am now classed as TRIP and no longer fully retired, I should still satisfy the “condition of release” as having sufficient “unrestricted non-preserved” benefits in the account-based pension.