The minimum pension amount as a percentage of account balance is:

Age	Up to 2007/2008	2008/2009 to 2010/2011	2011/2012
Under 65	4%	2.0%	3%
65 - 74	5%	2.5%	3.75%
75 - 79	6%	3.0%	4.5%
80 - 84	7%	3.5%	5.25%
85 - 89	9%	4.5%	6.75%
90 - 94	11%	5.5%	8.25%
95 or more	14%	7.0%	10.5%

• There is no maximum drawdown
• The minimum drawdown in the 2008/9, 2009/10 and 2010/11 years was halved in response to the global financial crisis
• The minimum payment should be pro-rated for pensions starting part-way through a year
• There is no minimum payment required for pensions started after 1 June
• Minimum is rounded down to nearest ten dollars, but be careful to leave a margin as missing the minimum payment could lead to no tax exempt income claim being allowed

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