Lump Sum Withdrawal

A one-off (or irregular) withdrawal from your super - typically from an account-based pension - taken in addition to your regular drawdown income. Unlike the ongoing Super Drawdown Strategy, a lump sum is sized for a specific purpose or timing rather than as your year-to-year income rule.

In Canwi you can model lump sums in conjunction with an ongoing strategy - for example minimum withdrawal only for regular income, plus a lump sum in a chosen year. The regular strategy must still meet the regulatory minimum for that year; the lump sum sits on top of it and reduces the remaining balance from that point onward.