To start withdrawing regular tax-free1 income from your super, open an account-based pension. Then, transfer some, or all, of your money from your super account, into your account-based pension.
You can set up how much your income payments will be and when you’re paid. You can do this to suit your needs and change these payments whenever you need to.
You’ve also got the flexibility to change your mind and move your money back into your super account at any time. Investment earnings in retirement are also tax-free.
1 From age 60 and over, generally no tax is payable on withdrawals from your super in retirement. Under age 60, tax may apply on withdrawals.