Drawing on Pension mode super account

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Tallis, 6th Apr, 2018.

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  1. Tallis

    Tallis Member

    Joined:
    1st Jul, 2015
    Posts:
    11
    Location:
    Melbourne
    good morning, day dreaming about what to do with an account based pension and planned purchases...is it possible to draw from a pension fund and pay...direct debits, monthly loan payments similar to the drawings on a bank account.
    I am about to commence an account based pension and am considering a new tow vehicle...do I withdraw the whole required amount, paying no tax, or is a monthly withdrawal possible by the loan agent, from my pension acct??
    Regards
    Tallis
     
    Tallis, 6th Apr, 2018
    #1
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  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    The SMSF would pay you an income stream and you could then do what you like with it.
     
    Terry_w, 6th Apr, 2018
    #2
    2 people like this.