Tax on pensions

When you access your super, the tax you pay depends on your age and how you choose to withdraw it, either as a lump sum or as regular income from a Pension account.

Any withdrawals from Brighter Super are usually made up of two components:

• Tax-free component (generally includes your after-tax contributions, unless you claimed a tax deduction on them)
• Taxable component

The Australian Government requires payments to be proportional so you can’t select which component you want your withdrawal to come from. The information provided below is general in nature and different tax rules may apply. For more information on tax, refer to Australian Taxation Office website.

Lump sum withdrawals

* Different tax rules may apply, refer to the Australian Taxation Office website for more information.

Pension income payments¹

If you are under 60, your pension payments may be included as assessable income for tax purposes.

* Some tax will be deducted by the fund but the Australian Tax Office may charge additional tax when you complete your tax return.
¹ Different tax rules may apply, refer to the Australian Taxation Office website for more information.