Current as of 17 Feb 2026. Always verify current year rates.
Is it better to draw from super first or from savings outside super?
Short answer:
It depends on tax, Centrelink assessment, liquidity needs and your timeframe. Drawing from one place first can change what remains invested and what becomes assessable assets. Instead of one rule, compare a few scenarios, then choose a simple approach you can stick with and review over time.
Key takeaways
Tax and Centrelink can change trade-offs
Liquidity needs matter
One-size rules can mislead
Scenario testing beats guesswork
Keep it simple and reviewable
Why this matters
Sequencing is hard to undo. A calm comparison reduces unintended outcomes and second-guessing.
Mini-plan (3-4 steps)
- Write down your next 1–3 years of spending needs.
- List your main ‘buckets’ and constraints.
- Run 2–3 scenarios in a retirement planner.
- Consider advice for large withdrawals.
Related questions
Sources (so you can verify)
Disclaimer: Information provided is general in nature and does not constitute personal financial advice. You should consider seeking advice from a licensed financial planner before making any financial decisions.
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