Super
Taking money from super
Why this matters. A pension has a minimum percentage that must be taken, and that percentage rises with age. A transition-to-retirement pension also has a maximum. The page applies those published percentages to the balance you type.
What the balance looks like if you take this much out for 10 years, including a rough bad start. The age table is the legal minimum. This is not a pension quote, and it is not the American 4% rule.
Balance after 10 years
$2,236,833ATO current rates
Return used: 6.20% a year. This amount was paid each year in the sketch.
If you were born on or after 1 July 1964, the earliest you can take super is 60, and only if a release condition is met. The super figure here is still in the fund. It is not cash you can spend.
| Age | Minimum |
|---|---|
| Under 65 | 4% |
| 65–74 | 5% |
| 75–79 | 6% |
| 80–84 | 7% |
| 85–89 | 9% |
| 90–94 | 11% |
| 95 and over | 14% |
Legal minimum from a super pension. If you are still working, the under-65 rate applies, and you can’t take more than 10%.
Next: When you can use your super — The age you can access super, and the Age Pension age, from a date of birth.
What doctors often miss
The minimum pension percentage depends on age. Under 65 it is 4% of the pension balance. A transition-to-retirement pension has a 10% maximum.
Included / Not included
Included
- Minimum pension drawdown percentages ↗ · current rates
- Transition-to-retirement maximum 10% ↗ · current rates
Not included
- Earnings tax in the pension phase beyond what the page labels
- The transfer balance cap as a personal assessment
- Centrelink income and assets tests
- Investment returns variation and inflation, unless you set a rate
- Fund fees, insurance and brokerage
Assumptions you can edit are the inputs on this page. This is a model, not a prediction, a tax assessment, or a recommendation.
A rough figure — not advice. Terms
Also
Advertisement — labelled, never inside the number.