Your essential smsf guide to retirement

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.

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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.

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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.

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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.

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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.

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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.

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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

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