Plans to open superannuation access to ATM

It is reported that leading superannuation funds are considering offering retirees access cards to allow ATM withdrawals and other transactions following the Federal Government decision to remove taxes on retirement income. Mr. Michael Delany the CEO of MTAA super expects to have a card operating within a year. Mr Delany said “the MTAA regards the card access as a necessary part of its approach to gear up the services features within its allocated pensions.”