{
  "api_version": "2.0",
  "url": "https://retirementwealth.com.au/api/v2/figures/min_pension_payment_80_84.json",
  "schema": "https://retirementwealth.com.au/api/v2/schema/api.json#/$defs/figure_file",
  "docs": "https://retirementwealth.com.au/data/",
  "publisher": "retirementwealth.com.au",
  "scope": "Retirement Wealth provides selected factual information about Australian retirement rules and rates. It does not provide personal or general financial product advice or recommend financial products. Summaries may not cover every condition or exception. Check the linked official sources and obtain advice appropriate to your circumstances before making financial decisions.",
  "figure": {
    "id": "min_pension_payment_80_84",
    "former_ids": [],
    "label": "Minimum annual pension payment, age 80 to 84",
    "category": "super_access",
    "category_label": "Super pensions and lump sums",
    "concept": "super.pension.minimum_payment_factor",
    "kind": "factor",
    "dimensions": {
      "age_band": {
        "min": 80,
        "max": 84
      }
    },
    "value": 7,
    "display_value": "7% of the account balance",
    "unit": {
      "code": "percent_of_balance",
      "plain": "Per cent of the account balance",
      "quantity": "ratio",
      "currency": null,
      "per": null,
      "per_amount": null,
      "ratio_divisor": 100
    },
    "ratio": 0.07,
    "effective_from": "2023-07-01",
    "effective_from_basis": "value",
    "validity": {
      "from": "2023-07-01",
      "to": null,
      "basis": "value",
      "status": "in_force"
    },
    "applies_by": {
      "selector": "financial_year",
      "text": "Schedule 7 of those regulations takes the balance and the age on 1 July, or on the day payments start."
    },
    "resets": "legislated",
    "review_dates": [],
    "source": {
      "title": "Payments from super",
      "publisher": "ATO",
      "url": "https://www.ato.gov.au/tax-rates-and-codes/key-superannuation-rates-and-thresholds/payments-from-super",
      "type": "primary"
    },
    "verification": {
      "status": "verified_primary",
      "checked_on": "2026-10-11"
    },
    "notes": "The share of the account balance that must be paid in a financial year from an account-based pension or annuity, for a person in this age group. The ATO calls these factors indicative only and points to the Superannuation Industry (Supervision) Regulations 1994 for the precise rules, including pro-rating and rounding. Schedule 7 of those regulations takes the balance and the age on 1 July, or on the day payments start. The ATO table shows this rate for 2023-24 onwards.",
    "conditions": [],
    "exceptions": [],
    "caveats": [
      {
        "type": "indicative_source",
        "text": "The ATO calls these factors indicative only and points to the Superannuation Industry (Supervision) Regulations 1994 for the precise rules, including pro-rating and rounding."
      }
    ],
    "legal_basis": [
      {
        "instrument": "Superannuation Industry (Supervision) Regulations 1994",
        "provision": "Schedule 7",
        "role": "sets_value"
      }
    ],
    "derivation": null,
    "related": {
      "same_concept": [
        "min_pension_payment_under_65",
        "min_pension_payment_65_74",
        "min_pension_payment_75_79",
        "min_pension_payment_85_89",
        "min_pension_payment_90_94",
        "min_pension_payment_95_plus"
      ],
      "inputs": [],
      "used_by": []
    },
    "upcoming": [],
    "first_published": {
      "release": 5,
      "recorded_at": "2026-10-11T08:47:14Z"
    },
    "last_changed": {
      "release": 12,
      "recorded_at": "2026-10-13T08:24:56Z"
    },
    "cite_as": "Minimum annual pension payment, age 80 to 84: 7% of the account balance, applies from 1 July 2023. Official source: ATO, Payments from super (last checked 11 October 2026). Retirement Wealth, https://retirementwealth.com.au/rules/super-access/min-pension-payment-80-84/",
    "links": {
      "self": "https://retirementwealth.com.au/api/v2/figures/min_pension_payment_80_84.json",
      "page": "https://retirementwealth.com.au/rules/super-access/min-pension-payment-80-84/",
      "current_value": "https://retirementwealth.com.au/api/v2/figures/min_pension_payment_80_84/2023-07-01.json"
    },
    "timeline": [
      {
        "value": 7,
        "display_value": "7% of the account balance",
        "ratio": 0.07,
        "effective_from": "2023-07-01",
        "effective_to": null,
        "basis": "value",
        "status": "in_force",
        "source": {
          "title": "Payments from super",
          "publisher": "ATO",
          "url": "https://www.ato.gov.au/tax-rates-and-codes/key-superannuation-rates-and-thresholds/payments-from-super",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-11"
        },
        "notes": null,
        "url": "https://retirementwealth.com.au/api/v2/figures/min_pension_payment_80_84/2023-07-01.json"
      },
      {
        "value": 3.5,
        "display_value": "3.5% of the account balance",
        "ratio": 0.035,
        "effective_from": "2019-07-01",
        "effective_to": "2023-06-30",
        "basis": "value",
        "status": "superseded",
        "source": {
          "title": "Payments from super",
          "publisher": "ATO",
          "url": "https://www.ato.gov.au/tax-rates-and-codes/key-superannuation-rates-and-thresholds/payments-from-super",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-11"
        },
        "notes": "Temporary 50% reduction for 2019-20 to 2022-23.",
        "url": "https://retirementwealth.com.au/api/v2/figures/min_pension_payment_80_84/2019-07-01.json"
      },
      {
        "value": 7,
        "display_value": "7% of the account balance",
        "ratio": 0.07,
        "effective_from": "2013-07-01",
        "effective_to": "2019-06-30",
        "basis": "value",
        "status": "superseded",
        "source": {
          "title": "Payments from super",
          "publisher": "ATO",
          "url": "https://www.ato.gov.au/tax-rates-and-codes/key-superannuation-rates-and-thresholds/payments-from-super",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-11"
        },
        "notes": null,
        "url": "https://retirementwealth.com.au/api/v2/figures/min_pension_payment_80_84/2013-07-01.json"
      },
      {
        "value": 5.25,
        "display_value": "5.25% of the account balance",
        "ratio": 0.0525,
        "effective_from": "2011-07-01",
        "effective_to": "2013-06-30",
        "basis": "value",
        "status": "superseded",
        "source": {
          "title": "Payments from super",
          "publisher": "ATO",
          "url": "https://www.ato.gov.au/tax-rates-and-codes/key-superannuation-rates-and-thresholds/payments-from-super",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-11"
        },
        "notes": "Temporary 25% reduction for 2011-12 and 2012-13.",
        "url": "https://retirementwealth.com.au/api/v2/figures/min_pension_payment_80_84/2011-07-01.json"
      },
      {
        "value": 3.5,
        "display_value": "3.5% of the account balance",
        "ratio": 0.035,
        "effective_from": "2008-07-01",
        "effective_to": "2011-06-30",
        "basis": "value",
        "status": "superseded",
        "source": {
          "title": "Payments from super",
          "publisher": "ATO",
          "url": "https://www.ato.gov.au/tax-rates-and-codes/key-superannuation-rates-and-thresholds/payments-from-super",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-11"
        },
        "notes": "Temporary 50% reduction for 2008-09 to 2010-11.",
        "url": "https://retirementwealth.com.au/api/v2/figures/min_pension_payment_80_84/2008-07-01.json"
      }
    ]
  }
}