If you have converted your superannuation account to a pension account then you must make withdrawals from the pension account.
The minimum pension payment rates are calculated as a percentage of your account balance as at 1 July of each financial year, or when the pension is started if mid-year. The percentage is dependent on your age as at 1 July of each financial year, or when the pension was started.
The rates are:
|Age||Minimum Annual Payment|
|95 and above||14%|
In previous years the percentage factor was discounted in order to help preserve account balances during the GFC. This has now ended.