Super pensions and lump sums

Selected rules for taking money out of super: minimum pension payments, the transition to retirement payment limit and lump sum tax caps.

10 figures. Select one to see its official source and history.

• Minimum annual pension payment, under 65 4% of the account balance From 1 July 2023
• Minimum annual pension payment, age 65 to 74 5% of the account balance From 1 July 2023
• Minimum annual pension payment, age 75 to 79 6% of the account balance From 1 July 2023
• Minimum annual pension payment, age 80 to 84 7% of the account balance From 1 July 2023
• Minimum annual pension payment, age 85 to 89 9% of the account balance From 1 July 2023
• Minimum annual pension payment, age 90 to 94 11% of the account balance From 1 July 2023
• Minimum annual pension payment, age 95 or more 14% of the account balance From 1 July 2023
• Transition to retirement income stream: maximum annual payment 10% of the account balance Rule since 1 July 2007
• Low rate cap for super lump sums $260,000 From 1 July 2025
• Untaxed plan cap for super lump sums $1,935,000 From 1 July 2026