Minimum Pension Payment Calculator
Estimate the minimum annual payment required from an account-based pension using an age-based percentage you enter.
Your results
Calculation breakdown
- Minimum payment
- balance × age-based minimum % × (days remaining ÷ 365)
Worked example
A $300,000 balance with a 4% minimum requires a $12,000 minimum payment for a full financial year.
Assumptions
- Age-based minimum percentages are set by regulation and can be varied — confirm the current confirmed percentage with the ATO or your fund before entering it here.
- Uses a 365-day year for pro-rata calculations.
Sources
How this calculator works
This calculator multiplies your pension account balance by a minimum drawdown percentage to estimate the minimum payment you must withdraw each financial year. Because age-based minimum percentages are set by regulation and can be varied, enter your own rate after confirming it with the ATO or your fund.
Rates sourced from the Australian Taxation Office for the 2026–27 financial year. Last reviewed 01/07/2026.
Frequently asked questions
Why isn't the age-based percentage built in?
Minimum drawdown percentages are set by regulation, vary by age band, and have been temporarily reduced in the past, so this calculator asks you to enter the confirmed current percentage.
Is the minimum pro-rated in the first year?
Yes, if you start your pension partway through a financial year, the minimum is generally pro-rated for the number of days remaining — enter the pro-rated amount if applicable.
What if I withdraw less than the minimum?
The income stream may fail to meet pension standards, which can have tax consequences — always meet the ATO's confirmed minimum.
Results are estimates only and are not financial, tax, legal or credit advice.
Rates and thresholds are configured for the 2026–27 Australian financial year and should be reviewed when government settings change.