The Government prescribes the minimum amount that can be drawn down from a pension (proportioned if account starts during the year) based on your age as follows:
Minimum payment by age
Your age as at 1 July
Current minimum annual payment
(% of your account balance)
How to do it
You can change your pension payments by completing a request to vary your pension payment eForm.
There are no maximum payment limits for account-based pensions. Under a transition to retirement pension the maximum you can withdraw is 10% of the balance of your account when you commence your TTR pension or at beginning of subsequent financial years.
This website is provided by NGS Super Pty Limited ABN 46 003 491 487 AFSL 233 154 the trustee of NGS Super ABN 73 549 180 515, Superannuation Fund Number (SFN) – 1345/339/49 Superannuation Product Identification Number (SPIN) – NGS 0001AU