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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