What are minimum annual pension payments?
Where you have an account-based pension, superannuation law requires a minimum amount to be paid out to you each financial year.
We calculate the minimum annual payment required based on your account balance as of 1 July each year.
If your cash balance isn’t enough
If you don’t have enough cash in your Cash Hub or Cash Account to meet the minimum annual pension payments for FY25/26, you’ll need to sell down some assets to top up available cash before the next pension payment.
You’ll need to do this before Wednesday 3 June 2026. If not, we’ll have to sell down assets to top up your available cash from this date. You can view our Product Disclosure Statement (PDS) for more information.
Pension payments above the minimum requirement
As long as you have enough cash in your Cash Hub or Cash Account, we’ll pay the pension amount you’ve requested.
If there isn’t enough money in your account to pay the amount you’ve chosen, we’ll manually adjust it to the minimum payment that’s still required for the year.
Future pension payments in the new financial year will be calculated based on your most recently selected pension payment amount and payment frequency from the previous financial year, with adjustments for any indexation or fixed rate increases you’ve requested.