What is an account based pension?
If you are considering drawing from your superannuation, you might want to learn about Account Based Pensions.
Account Based Pension is the most common form of income stream or benefit payment from a superannuation account. An income stream is a series of payments from your super. In order to be eligible to commence an account based pension you must be over preservation age. The following video explains the criteria required to be considered at preservation age, the different ways to draw from super, tax exemptions, minimum pension payments and examples of liquidity in superannuation funds.
Watch the video to find out more or speak to our Ulton Wealth Management team.