Siri, 48, (a dependant under super rules, but a non-dependant under tax rules) has just received a superannuation inheritance on behalf of his recently deceased 82 year old father. His father had an allocated pension with a balance of $96,000 ($36,000 tax free, $60,000 from a taxed source), receiving $7,000pa in pension payments.

1. What options does Siri have for payment of the funds?
2. Explain the tax consequences on payment.
3. Explain the estate planning options that need to be considered when purchasing an income stream product.