For retirees who have built up a large super balance, a key question is what to do if you have to draw down more than you actually need. To qualify for tax concessions, you are required to withdraw from your super fund a minimum pension each year.

The reason pension-paying super funds are required by the government to make minimum annual pension payments is to ensure they are being used to provide a retirement income rather than just being used as a tax-advantaged method of building wealth for your beneficiaries.