What options do I have when I retire?

There are several options available to you upon receiving your superannuation benefit. While it's one thing to have a lump sum of money saved for your retirement, it's another to have a regular cashflow to meet ongoing expenses throughout your retirement years.
Some ways you may achieve an income stream are:

• Withdrawing your super as a lump sum and investing those funds in income-bearing investments
• Retaining your super benefit within the superannuation system and drawing a regular income from those savings (ie a pension or annuity)
• Retaining your super benefit within the superannuation system and drawing ad hoc lump sums when required
• Qualifying for social security, age pensions, service pensions or other benefits
• A combination of the above.