The original question here is the one that baffles all SMSF trustees, because at this point they need their Accountant to explain withdrawal procedures, pensions rules etc.
However, the Govt has new rules about to hit the industry eg. If you're over 60 you can withdraw the lot tax free. Why not do that and buy an annuity, or simply withdraw, liquidate the fund then self manage the money again as an investment without the reporting requirements????????
