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I just turned 60 and don’t need the money. Should I still draw from my super?

Paul Benson Money contributor September 14, 2025 — 5.01am Advertisement

I have recently turned 60 and could draw a pension from my accumulation super fund. However, I receive a generous pension from my defined benefit fund and have substantial savings.

While I understand a pension would be tax-free, I don’t see any benefit in drawing a pension given I don’t need the money, and would pay tax on the earnings generated from the accumulated unused pension payments. Am I missing something?

If you don’t expect to ever need this pool of money, then it will eventually be passed on to the next generation when you are gone. Credit: Dominic Lorrimer

No, yo

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