Income stream payment limits
Minimum annual income payments are as follows:
| Age* | Percentage factor† |
|---|
| Under 65 |
4% |
| 65-74 |
5% |
| 75-79 |
6% |
| 80-84 |
7% |
| 85-89 |
9% |
| 90-94 |
11% |
| 95+ |
14% |
*Pensioner’s age at 1 July in the financial year when payment made or in year that pension payments commence - age at commencement date of pension.
† Percentage of account balance on 1 July in the financial year when the income payments are to be made.
Maximum annual income payments:
Only applicable if you receive income payments under the Transition to retirement scheme and are still working. In this case the maximum annual income payment is 10% of your account balance at 1 July in the financial year when payment is made or in year that pension payments commence.
To calculate the annual minimum payments applicable to your balance, use our
Income stream payments calculator.