Now that we are well and truly into the new financial year and working under the new superannuation regime, there are some important changes regarding how you draw amounts above your minimum pension withdrawals and how these are to be accounted for in the Fund.  This affects all superannuation benefits in pension mode, not just those in self-managed superannuation funds. There are two scenarios that this will affect: Superannuation Balance more than $1.6M As a general rule, if your Total Superanuation Balance (TSB) is more than $1.6M and you have an accumulation balance as part of your superannuation balance, any amounts above your … Continue reading Drawing More than your Minimum Pension?