Your essential SMSF guide to retirement $

How much super will I need to retire comfortably?

This depends on your individual needs.

According to ASFA, a couple will need $510,000 and a single person $430,000 assuming a partialage pension.

When can I start accessing a pension through an SMSF?

You can access a pension once you reach your preservation age.

ID CARD

JANE SAMPLE 45 3329 68452REFERENCE NO.

What types of pension can I access?

Simple account-based pension: over 65 or between preservation age-64 and ‘retired’.

Transition-to-retirement pension: between preservation age-64 and still working.

$$$$ $$

How will these pension payments work?

You can receive either a lump sum, regular income stream or both.

These will be paid into your personal bank account.

100

Source: http://esuperfund.com.au/pensions/how-pension-in-smsf-works.html

Yes, depending on your age. Do I have toaccess a minimum amount from my SMSF when taking a pension?

Under 65 4%65 - 74 5%75 - 79 6%80 - 84 7%85 - 89 9%90 - 94 11%

95+ 14%

Minimum PensionAge Range

What if I still want to work part-time?

You can! Start a transition-to-retirement pension (TRAP), which lets you maintain or reduce your work hours while boosting your super at the same time.

Can I top up my super ahead of retirement?

If you are over 50 years old, you can salary sacrifice a higher portion of your wage up to a maximum of $35,000.

$

Will I be able to continue contributing to my SMSF after I retire?

Maybe. This depends on your age and isalso subject to contribution rules.

Can I draw my pension even if another member doesn’t draw theirs?

Yes, each member's benefit is viewed separately.

$

Will I need to pay tax on income and capital gains when I start a pension?

You pay no tax onyour share of theSMSF income and capital gains.

100

NO TAX

Who looks after all the paperwork?

ESUPERFUND will take care of all the compliance requirements for you.

For more information download an ESUPERFUND information pack

or visit esuperfund.com.au

Your SMSF guide for the future. name

email

customise pack

phone*

DOWNLOAD THE INFO PACKtoo busy now?download & read later

sort articles by

plan your future learn about SMSFs why ESUPERFUNDSuperTodaybrought to you by