{
  "api_version": "2.0",
  "url": "https://retirementwealth.com.au/api/v2/figures/tris_max_payment.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": "tris_max_payment",
    "former_ids": [],
    "label": "Transition to retirement income stream: maximum annual payment",
    "category": "super_access",
    "category_label": "Super pensions and lump sums",
    "concept": "super.pension.tris_maximum_payment_factor",
    "kind": "factor",
    "dimensions": {},
    "value": 10,
    "display_value": "10% 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": 0.1,
    "effective_from": "2007-07-01",
    "effective_from_basis": "provision",
    "validity": {
      "from": "2007-07-01",
      "to": null,
      "basis": "provision",
      "status": "in_force"
    },
    "applies_by": {
      "selector": "financial_year",
      "text": "as a share of the account balance on 1 July, or on the start date in the year the income stream starts"
    },
    "resets": "legislated",
    "review_dates": [],
    "source": {
      "title": "Transition to retirement income streams (TRIS)",
      "publisher": "ATO",
      "url": "https://www.ato.gov.au/individuals-and-families/super-for-individuals-and-families/self-managed-super-funds-smsf/paying-smsf-benefits/income-stream-pension-rules-and-payments/transition-to-retirement-income-streams",
      "type": "primary"
    },
    "verification": {
      "status": "verified_primary",
      "checked_on": "2026-10-11"
    },
    "notes": "The most that can be paid in a financial year, as a share of the account balance on 1 July, or on the start date in the year the income stream starts. The rate does not vary with age. The ATO says the limit applies until the member meets a condition of release with no cashing restrictions. The effective date is when this definition commenced, under Schedule 3 of the Superannuation Industry (Supervision) Amendment Regulations 2007 (No. 1).",
    "conditions": [
      {
        "text": "The ATO says the limit applies until the member meets a condition of release with no cashing restrictions."
      }
    ],
    "exceptions": [],
    "caveats": [],
    "legal_basis": [
      {
        "instrument": "Superannuation Industry (Supervision) Amendment Regulations 2007 (No. 1)",
        "provision": "Schedule 3",
        "role": "effective_date"
      }
    ],
    "derivation": null,
    "related": {
      "same_concept": [],
      "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": "Transition to retirement income stream: maximum annual payment: 10% of the account balance, current rule since 1 July 2007. Official source: ATO, Transition to retirement income streams (TRIS) (last checked 11 October 2026). Retirement Wealth, https://retirementwealth.com.au/rules/super-access/tris-max-payment/",
    "links": {
      "self": "https://retirementwealth.com.au/api/v2/figures/tris_max_payment.json",
      "page": "https://retirementwealth.com.au/rules/super-access/tris-max-payment/",
      "current_value": "https://retirementwealth.com.au/api/v2/figures/tris_max_payment/2007-07-01.json"
    },
    "timeline": [
      {
        "value": 10,
        "display_value": "10% of the account balance",
        "ratio": 0.1,
        "effective_from": "2007-07-01",
        "effective_to": null,
        "basis": "provision",
        "status": "in_force",
        "source": {
          "title": "Transition to retirement income streams (TRIS)",
          "publisher": "ATO",
          "url": "https://www.ato.gov.au/individuals-and-families/super-for-individuals-and-families/self-managed-super-funds-smsf/paying-smsf-benefits/income-stream-pension-rules-and-payments/transition-to-retirement-income-streams",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-11"
        },
        "notes": null,
        "url": "https://retirementwealth.com.au/api/v2/figures/tris_max_payment/2007-07-01.json"
      }
    ]
  }
}