I have reached my preservation age of 56 for my superannuation and am thinking of setting up one of those transition to retirement pensions. Will I have to pay tax on the amount I withdraw?

Hi Geoff, best to find a decent financial planner to talk this through as you want to make sure you get the right advise. Just ensure you use a brand-name financial planner, ie. AMP, BT, major banks, etc as they have strict protocols & are have the watch-dogs keeping an eye on them, rather than a no-namer.......