Minimum superannuation drawdown rates

You can control how much you pay yourself each year from your Retirement Income account or Transition to Retirement Income account, but you need to get at least the minimum amount set by the government.

Your minimum payment amount is a percentage of your Income account balance as at the start of the financial year, or the date your Income account started, if it's later.1

Age Minimum drawdown rate as at 1 July 2023
55-64 4%
65-74 5%
75-79 6%
80-84 7%
85-89 9%
90-94 11%
95 or more 14%

Maximum superannuation drawdown rates

If you have a Transition to Retirement Income account, you can't get more than 10% of your account balance each financial year.

There is no maximum withdrawal limit if you have a Retirement Income account, so you can get any amount, up to the total balance of your account.


Change your income payments

You can change your income payments in Member Online.

Change payments

1. If you open your Income account partway through a financial year, your minimum payment will be a pro rata amount based on your full annual payment. The exception to this is if you open your Income account in June, you don’t have to get a payment until 30 June of the next financial year.