If your fund’s trust deed and super laws allow it, a member may be paid all or some of their super benefit as a single payment, called a lump sum.

The member may be able to access several lump sums but if the member asks to set up a regular payment from the SMSF it may be considered an income stream provided the conditions under tax and super law are met.

You must work out the taxable and tax-free components of the member's super benefit and how much (if any) tax to withhold.