Accessing Your Superannuation Savings

Over time, money placed into a superannuation account builds for your retirement. When you retire, you can access your superannuation savings in a number of ways:

Lump sum payment

At retirement you may decide to receive your benefit as a single payment, by cashing in your superannuation fund and investing the proceeds on your own account to provide your retirement income.

Superannuation Income Stream

You may decide to receive a superannuation income stream, often referred to as a superannuation pension. This can help you to generate a flexible and tax effective income stream during retirement.

A superannuation income stream can provide you with:

• A tax effective income stream
• Flexible level of pension payments available
• Ability to withdraw lump sums
• Flexible choice of investments

The type of superannuation income stream that is suitable for you, will depend on a range of factors including your age, the amount of money you have to invest and your ability to tolerate investment risk.