Will I pay tax on my pension payments?

If you’re 60 or over, your pension payments (and any lump sum withdrawals) are generally tax-free and don’t need to be declared as assessable income when you lodge a tax return.

If you’re under 60, your pension payments and lump sum withdrawals may be taxable and will need to be declared as assessable income when you lodge a tax return.

Please refer to the section ‘How super is taxed’ in the Superhero Retirement PDS for full details.