For the 2011/12 and 2012/13 financial years, the minimum limit is 75% of the amount calculated using the applicable factor. The minimum annual payments return to standard levels in 2013/14 and later years.
Table 1: Pension purchased on or after 1 January 2006
|
PVF Factors |
PVF Factors |
||||
|
Age |
Minimum |
Maximum |
Age |
Minimum |
Maximum |
|
0 |
29.2 |
12.0 |
51 |
22.5 |
11.9 |
|
1 |
29.2 |
12.0 |
52 |
22.2 |
11.8 |
|
2 |
29.2 |
12.0 |
53 |
21.8 |
11.8 |
|
3 |
29.2 |
12.0 |
54 |
21.5 |
11.7 |
|
4 |
29.2 |
12.0 |
55 |
21.1 |
11.5 |
|
5 |
29.2 |
12.0 |
56 |
20.8 |
11.4 |
|
6 |
29.2 |
12.0 |
57 |
20.4 |
11.3 |
|
7 |
29.2 |
12.0 |
58 |
20.1 |
11.2 |
|
8 |
29.2 |
12.0 |
59 |
19.7 |
11.0 |
|
9 |
29.2 |
12.0 |
60 |
19.3 |
10.9 |
|
10 |
29.2 |
12.0 |
61 |
18.9 |
10.7 |
|
11 |
29.2 |
12.0 |
62 |
18.5 |
10.5 |
|
12 |
29.2 |
12.0 |
63 |
18.1 |
10.3 |
|
13 |
29.2 |
12.0 |
64 |
17.7 |
10.1 |
|
14 |
29.2 |
12.0 |
65 |
17.3 |
9.9 |
|
15 |
29.2 |
12.0 |
66 |
16.8 |
9.6 |
|
16 |
29.2 |
12.0 |
67 |
16.4 |
9.3 |
|
17 |
29.2 |
12.0 |
68 |
16.0 |
9.1 |
|
18 |
29.2 |
12.0 |
69 |
15.5 |
8.7 |
|
19 |
29.2 |
12.0 |
70 |
15.1 |
8.4 |
|
20 |
29.2 |
12.0 |
71 |
14.6 |
8.0 |
|
21 |
29.0 |
12.0 |
72 |
14.2 |
7.6 |
|
22 |
28.9 |
12.0 |
73 |
13.7 |
7.2 |
|
23 |
28.7 |
12.0 |
74 |
13.3 |
6.7 |
|
24 |
28.6 |
12.0 |
75 |
12.8 |
6.2 |
|
25 |
28.4 |
12.0 |
76 |
12.3 |
5.7 |
|
26 |
28.3 |
12.0 |
77 |
11.9 |
5.1 |
|
27 |
28.1 |
12.0 |
78 |
11.4 |
4.5 |
|
28 |
27.9 |
12.0 |
79 |
10.9 |
3.8 |
|
29 |
27.8 |
12.0 |
80 |
10.5 |
3.1 |
|
30 |
27.6 |
12.0 |
81 |
10.0 |
2.3 |
|
31 |
27.4 |
12.0 |
82 |
9.6 |
1.4 |
|
32 |
27.2 |
12.0 |
83 |
9.1 |
No Maximum |
|
33 |
27.0 |
12.0 |
84 |
8.7 |
No Maximum |
|
34 |
26.8 |
12.0 |
85 |
8.3 |
No Maximum |
|
35 |
26.6 |
12.0 |
86 |
7.9 |
No Maximum |
|
36 |
26.4 |
12.0 |
87 |
7.5 |
No Maximum |
|
37 |
26.2 |
12.0 |
88 |
7.2 |
No Maximum |
|
38 |
26.0 |
12.0 |
89 |
6.9 |
No Maximum |
|
39 |
25.8 |
12.0 |
90 |
6.6 |
No Maximum |
|
40 |
25.5 |
12.0 |
91 |
6.3 |
No Maximum |
|
41 |
25.3 |
12.0 |
92 |
6.0 |
No Maximum |
|
42 |
25.0 |
12.0 |
93 |
5.8 |
No Maximum |
|
43 |
24.8 |
12.0 |
94 |
5.5 |
No Maximum |
|
44 |
24.5 |
12.0 |
95 |
5.3 |
No Maximum |
|
45 |
24.2 |
12.0 |
96 |
5.1 |
No Maximum |
|
46 |
24.0 |
12.0 |
97 |
4.9 |
No Maximum |
|
47 |
23.7 |
12.0 |
98 |
4.7 |
No Maximum |
|
48 |
23.4 |
12.0 |
99 |
4.5 |
No Maximum |
|
49 |
23.1 |
12.0 |
100 |
4.4 |
No Maximum |
|
50 |
22.8 |
12.0 |
|
|
|
Table 2: Pension purchased before 1 January 2006
|
PVF Factors |
PVF Factors |
||||
|
Age |
Minimum |
Maximum |
Age |
Minimum |
Maximum |
|
0 |
28.6 |
10.0 |
51 |
21.2 |
9.9 |
|
1 |
28.6 |
10.0 |
52 |
20.9 |
9.8 |
|
2 |
28.6 |
10.0 |
53 |
20.5 |
9.7 |
|
3 |
28.6 |
10.0 |
54 |
20.1 |
9.7 |
|
4 |
28.6 |
10.0 |
55 |
19.8 |
9.6 |
|
5 |
28.6 |
10.0 |
56 |
19.4 |
9.5 |
|
6 |
28.6 |
10.0 |
57 |
19.0 |
9.4 |
|
7 |
28.6 |
10.0 |
58 |
18.6 |
9.3 |
|
8 |
28.6 |
10.0 |
59 |
18.2 |
9.1 |
|
9 |
28.6 |
10.0 |
60 |
17.8 |
9.0 |
|
10 |
28.6 |
10.0 |
61 |
17.4 |
8.9 |
|
11 |
28.6 |
10.0 |
62 |
17.0 |
8.7 |
|
12 |
28.6 |
10.0 |
63 |
16.6 |
8.5 |
|
13 |
28.6 |
10.0 |
64 |
16.2 |
8.3 |
|
14 |
28.6 |
10.0 |
65 |
15.7 |
8.1 |
|
15 |
28.6 |
10.0 |
66 |
15.3 |
7.9 |
|
16 |
28.6 |
10.0 |
67 |
14.9 |
7.6 |
|
17 |
28.6 |
10.0 |
68 |
14.4 |
7.3 |
|
18 |
28.6 |
10.0 |
69 |
14.0 |
7.0 |
|
19 |
28.6 |
10.0 |
70 |
13.5 |
6.6 |
|
20 |
28.6 |
10.0 |
71 |
13.1 |
6.2 |
|
21 |
28.5 |
10.0 |
72 |
12.6 |
5.8 |
|
22 |
28.3 |
10.0 |
73 |
12.2 |
5.4 |
|
23 |
28.1 |
10.0 |
74 |
11.7 |
4.8 |
|
24 |
28.0 |
10.0 |
75 |
11.3 |
4.3 |
|
25 |
27.8 |
10.0 |
76 |
10.8 |
3.7 |
|
26 |
27.6 |
10.0 |
77 |
10.4 |
3.0 |
|
27 |
27.5 |
10.0 |
78 |
10.0 |
2.2 |
|
28 |
27.3 |
10.0 |
79 |
9.5 |
1.4 |
|
29 |
27.1 |
10.0 |
80 |
9.1 |
No Maximum |
|
30 |
26.9 |
10.0 |
81 |
8.7 |
No Maximum |
|
31 |
26.7 |
10.0 |
82 |
8.3 |
No Maximum |
|
32 |
26.5 |
10.0 |
83 |
7.9 |
No Maximum |
|
33 |
26.3 |
10.0 |
84 |
7.5 |
No Maximum |
|
34 |
26.0 |
10.0 |
85 |
7.1 |
No Maximum |
|
35 |
25.8 |
10.0 |
86 |
6.8 |
No Maximum |
|
36 |
25.6 |
10.0 |
87 |
6.4 |
No Maximum |
|
37 |
25.3 |
10.0 |
88 |
6.1 |
No Maximum |
|
38 |
25.1 |
10.0 |
89 |
5.8 |
No Maximum |
|
39 |
24.8 |
10.0 |
90 |
5.5 |
No Maximum |
|
40 |
24.6 |
10.0 |
91 |
5.3 |
No Maximum |
|
41 |
24.3 |
10.0 |
92 |
5.0 |
No Maximum |
|
42 |
24.0 |
10.0 |
93 |
4.8 |
No Maximum |
|
43 |
23.7 |
10.0 |
94 |
4.6 |
No Maximum |
|
44 |
23.4 |
10.0 |
95 |
4.4 |
No Maximum |
|
45 |
23.1 |
10.0 |
96 |
4.2 |
No Maximum |
|
46 |
22.8 |
10.0 |
97 |
4.0 |
No Maximum |
|
47 |
22.5 |
10.0 |
98 |
3.8 |
No Maximum |
|
48 |
22.2 |
10.0 |
99 |
3.7 |
No Maximum |
|
49 |
21.9 |
10.0 |
100 |
3.5 |
No Maximum |
|
50 |
21.5 |
9.9 |
|
|
|
Source: Superannuation Industry (Supervision) Regulations 1994
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