A senior Treasury official, John Lonsdale, has signalled that the Government is likely to endorse the Financial System Inquiry’s (FSI) recommendations to disallow retirees from drawing-down their superannuation as a lump sum. From The Canberra Times:
Australians entering retirement will most likely be stopped from taking their superannuation as a lump sum and will have to access it through a structured self-funded pension, a top Treasury official says.
