An AvSuper income stream gives you access to your super money over time; you can withdraw (also know as a drawdown or commutation) money in a way that suits your needs. You can choose to have regular payments into your bank account or take less frequent lump sums – you can even have regular payments and take lump sums when you need more money for a holiday, car or other major expense.
It is important to have a well-structured and sustainable strategy for your income stream.
Note: Lump sum withdrawals count as ad hoc payments (drawdowns) for tax purposes. For up to date information about tax, go to www.ato.gov.au