BENDZULLA ACTUARIAL PTY LTD

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ACCOUNT-BASED PENSION MINIMUM FACTORS

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

Age
Minimum % Drawdown
2009-10 Minimum % Drawdown
Under 65
4%
2.0%
65 - 74
5%
2.5%
75 - 79
6%
3.0%
80 - 84
7%
3.5%
85 - 89
9%
4.5%
90 - 94
11%
5.5%
95 or more
14%
7.0%

There is no maximum.

The minimum drawdown for the 2008-09 year was halved in response to the global financial crisis.
It remains the same in 2009-10.

 

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