Beware the lure of the lump sum

By Daryl Dixon
September 4 2012 - 3:00am
In days gone by, one incentive for choosing a lump sum over an indexed pension was concern about an early death.
In days gone by, one incentive for choosing a lump sum over an indexed pension was concern about an early death.

Poor investment returns over the past five years have, understandably, increased the attractions for CSS, PSS and MSBS members to draw indexed pensions rather than lump sums from their superannuation funds. The federal government has now joined the party, adding further attractions via substantially reduced tax liabilities, particularly in the lower-income ranges.

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