Minimum annual pension payments (account-based pensions) – 2018/2019 year, and 2017/2018 year

Age of pension account-holder Percentage factors
Under 65 4%
65 to 74 5%
75 to 79 6%
80 to 84 7%
85 to 89 9%
90 to 94 11%
Aged 95 or older 14%

Note: Amount calculated on 1 July each year, unless first year of account-based pension, and then pro-rated from commencement day. If commencement day of the super pension is on or after 1 June of the financial year, then no minimum payment is required for that financial year. Minimum amount to be rounded to nearest $10.

Source: Adapted from Schedule 7 of the Superannuation Industry (Supervision) Regulations 1994. via https://www.superguide.com.au/accessing-superannuation/minimum-pension-payments-reduced

 

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