Super Pension Drawdown Calculator
Calculate your minimum annual pension payment and see how long your super balance will last in retirement.
| Drawdown Rate | — |
| Minimum Monthly | $0 |
| Minimum Fortnightly | $0 |
| Balance Lasts (est.) | — |
Understanding Minimum Pension Drawdown Rules
When you convert your superannuation to an account-based pension, you must withdraw a minimum amount each year. This rule exists to ensure super is used for retirement income rather than indefinite wealth accumulation. The minimum is calculated as a percentage of your balance at 1 July each year.
2024–25 Minimum Drawdown Rates by Age
| Age | Minimum Rate |
|---|---|
| Under 65 | 4% |
| 65–74 | 5% |
| 75–79 | 6% |
| 80–84 | 7% |
| 85–89 | 9% |
| 90–94 | 11% |
| 95+ | 14% |
Tax-Free Pension Payments
From age 60, all pension payments from a taxed super fund are generally tax-free — including both the tax-free and taxable components. This makes the pension phase highly tax-efficient compared to drawing investment income from outside super.
Investment Returns in Pension Phase
Earnings in the pension phase are also tax-free (up to the Transfer Balance Cap of $1.9 million). This compares to 15% tax on earnings in the accumulation phase. The combination of tax-free earnings and tax-free withdrawals makes account-based pensions one of the most tax-efficient structures available to Australian retirees.