Account-Based Pension Drawdown Calculator
Statutory Minimum Rates (4% to 14%) • 100% Tax-Free Earnings & Withdrawals • Longevity Projection
Pension Account Setup
Parameters for account-based pension conversion.
100% tax-free pension income. Zero tax paid on withdrawals or fund investment returns.
Retirement Pension Drawdown Schedule
| Age | Start Balance | Min % | Annual Drawdown | End Balance |
|---|
Statutory Minimum Pension Drawdown Rules
What is an Account-Based Pension?
When you reach your preservation age (60) and permanently retire, you can transfer your accumulated superannuation into a retirement phase Account-Based Pension. The primary advantage is tax elimination: the 15% earnings tax inside accumulation super drops to 0%, and all pension payments paid to you are completely free of income tax.
SIS Regulations Minimum Percentage Schedule
To ensure retirement accounts are not hoarded indefinitely for estate planning, Australian law (Superannuation Industry Supervision regulations) mandates you withdraw a minimum percentage each financial year based on your age on 1 July:
- Under 65: 4% minimum
- Ages 65–74: 5% minimum
- Ages 75–79: 6% minimum
- Ages 80–84: 7% minimum
- Ages 85–89: 9% minimum
- Ages 90–94: 11% minimum
- Ages 95+: 14% minimum
Next Steps & Related Australian Calculators
Strengthen your financial plan with these interconnected statutory computational models.
Superannuation & Retirement Engine
Calculate accumulation phase growth and nest egg targets before retirement.
Centrelink Age Pension & Deeming
Balance statutory super drawdown income with government pension taper rates.
Australian FIRE & Super Bridge
Model preservation age (60) transition to 0% tax drawdown phase.
Term Deposit & HISA Calculator
Compare guaranteed bank interest rates for your liquid cash reserve.