Depends how much you have and your circumstances - I am guessing being new to Oz that you don't have a large balance. If you are under 60, your TTR pension (the amount you draw down) is taxed at your marginal rate, although attracts a 15% tax offset (this is only for taxable components). You can draw down a pension to top up your take home pay, then salary sacrifice as much as possible (within the limits i.e. $50k for your age bracket) into your super. When you turn 60, all your draw downs are tax free. Works well if say your gross income is $87k and you want to salary sacrifice $50k into super to reduce your taxable income to $37k (i.e. 15% marginal tax rate). You may need $50k per annum for living costs so you draw down a tax free pension of $20k per annum. If you are new to our system, go see an adviser to talk you through the ins and outs. I would think that you would need around $150-200k plus to make it worthwhile - others may have different opinions
