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SMSF DIY Guide: Everything you need to successfully set up and run your own Self Managed Superannuation Fund by Sam Henderson

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Chapter 10: Retirement and how to eliminate tax forever

Retirement at sixty-five is ridiculous. When I was sixty-five I still had pimples.

George Burns, US comedian

So, you have arrived. But before you can go away and relax, you have a whole bunch of questions to deal with before the celebrations begin. You will need to know how to set up an income stream for your SMSF, how often you can draw your income and how much you should draw. You may also want to know what to do if only one partner has retired and the other is still working, and whether you can go back to work if retirement isn’t for you or if you get a job offer.

Fortunately, despite its complexities, the Australian superannuation system affords you a great deal of flexibility at retirement, ...

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