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Your withdrawal details
REDUCED MINIMUM DRAWDOWN RATES HAVE ENDED
The temporary 50% reduced minimum drawdown rates that were in place for the 2019-20, 2020-21, 2021-22 and 2022-23 financial years, have ended. From 1 July 2023, the standard minimum drawdown rates will apply. Please visit the ATO website for further information - www.ato.gov.au
Your 'Minimum annual pension amount' is calculated based on your age and your pension account balance at 1 July each year.
You can update your pension payment by following these steps:
I want the minimum |
I want to receive a set amount |
1. Click ‘Edit’ Current Withdrawal Details. |
1. Click ‘Edit’ Current Withdrawal Details. |
2. Select ‘Minimum annual amount permitted’ |
2. Elect the ‘Nominated amount’. This must be above the minimum drawdown rate.
|
3. Click ‘Continue’ |
3. Click ‘Continue' |
Your updated pension payment amount will apply when your next pension payment falls due. If you update your payment within 10 working days of your next payment, your new payment amount may take effect the following payment.
Please note: If you have changed your pension payment in the current financial year, the Annual Pension Amount displayed below may not be a true reflection of the Annual Pension you will receive this financial year. For confirmation of your Annual Pension Amount, please contact us .
CURRENT WITHDRAWAL DETAILS
| Annual Pension Amount: | |
|---|---|
| Payment Frequency: | |
| Pension Type: | |
| Payment start date: | |
| Minimum annual pension amount: | |
| Maximum annual pension amount: | |
| Regular pension amount: | |
| Withdrawal strategy: | |
| Next payment date: | |
| Relevant number: |
ONE OFF PAYMENT
You can request lump sum withdrawals from your income account, in addition to your regular payments, at any time.
The lump sum amount requested will be drawn from your investment options in the same proportion as your regular payments. The requested amount (net of tax and fees where applicable) will be transferred to the same bank account as your regular payments.
CURRENT WITHDRAWAL DETAILS
Please select your payment frequency.
| Pension Type: | ||
|---|---|---|
| Payment start date: | ||
| Minimum annual pension amount: | ||
| Maximum annual pension amount: | ||
| Regular pension amount: | ||
| Withdrawal strategy: | ||
| Next payment date: | ||
| Relevant number: |
Confirm your changes
Nearly there, just check your changes and read the important information below before submitting your request.
| Withdrawal options: | From: | To: |
|---|---|---|
You have selected an investment option that takes into account your date of birth to determine your risk profile and appropriate asset allocation. Our records show your date of birth as undefined. If this date is incorrect, please cancel this change and contact us to amend before submitting.
By clicking submit, I understand the following important information
and wish to change my withdrawal details.
Confirm your request
Confirm your request
| Receipt Number: | |
We expect your request to take about three days. We'll update the details on your dashboard when it's all done.
Request a payment
You can request lump sum withdrawals from your income account, in addition to your regular payments, at any time.
The lump sum amount requested will be drawn from your investment options in the same proportion as your regular payments. The requested amount (net of tax and fees where applicable) will be transferred to the same bank account as your regular payments.
ONE OFF PAYMENTS
Confirm your request
One off payment
Nearly there, just check that your one off payment amount of #amount is correct and read the important information below before submitting your request.
By clicking submit, I understand the following important information
and wish to request a one off payment.
Confirm your request
We've received your request, it might be a good idea to keep a copy of the receipt details for your records.
|
Receipt number: |
|
We expect your request to take about three days. We'll update the details on your dashboard when it's all done.