A greater level of control is the reason most often quoted for establishing an SMSF. In most cases, this refers to having more control over the fund’s investments.
But there can also be an increase in the level of control members have over their benefits in their fund, and how these benefits are paid when the member meets a condition of release allowing access.
For some members, withdrawing benefits as a lump sum could be appropriate. For others, accessing benefits under a pension may be the way to go. And in some cases, there may even be a benefit in using a multiple pension strategy in retirement.
