Drawing a pension from your SMSF

SMSFs can begin paying pensions once recipients turns 55, but the types of pension differ depending on their ages.

This is it, the moment you have been waiting for and the reason for starting your own self-managed super fund (SMSF) in the first place. Once you reach age 55 you can start withdrawing money from your fund. For most people, retiring on a super pension means never having to pay tax again.

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