SMSF Lump sum payment

We are a married couple and have retired. I receive half of the aged pension. My wife is not old enough to be payed the aged pension she does receive part of the Newstart Allowance whilst looking for part time work. My question is will my pension payments be affected if I take a lump sum payment out of our SMSF to pay for a trip/holiday we have booked in May. We currently receive an income of 3600.00 every six months from the SMSF which is declared as income.

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You may find some info in the link below of assistance BUT because everyone's individual circumstances are so different, my advice would be to check with your own accountant or financial planner re your personal circumstances.

https://www.superguide.com.au/smsfs/smsfs-taking-lump-sums-from-accumulation-account

You might also like to read up on " Income test for Newstart Allowance, Partner Allowance, Sickness Allowance and Widow Allowance"

Centre link do have advisers which may assist you

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