What's the minimum drawdown amount?

Pension account holders receiving an income stream have to withdraw at least the minimum pension payment from their super, as part of their annual income stream. This is known as the minimum pension drawdown.

The annual minimum drawdown amount is set by the government and changes depending on your age.

To see more details on the minimum drawdown amount that applies to you, please see Table 11 at the bottom of this ATO page. You can also find this information on page 8 of our Pension PDS.

To assist pensioners through the pandemic, the Government has reduced the minimum drawdown amount by 50% until the end of the 2022-23 financial year.

Please note, if you are setting up a new pension account with us and you wish to access the reduced minimum drawdown amount, you will have to explicitly note this to us. The minimum drawdown amount indicated on the join form refers to the regular drawdown rate.

You can let us know if you would like the access the reduced drawdown amount by emailing us at info@futuresuper.com.au.