
Minimum Pension Payment Rates (2025/2026)
Your age on 1 July or commencement of pension* |
Minimum payment rate |
---|---|
Younger than 65 |
4 |
65-74 | 5 |
75-79 | 6 |
80-84 | 7 |
85-89 | 9 |
90-94 | 11 |
95 or older | 14 |
Starting account balance of pension | $300,000 |
Member age | 67 |
Minimum annual percentage (based on member age and table above) |
5% |
Pension starts | 1 March |
Days remaining in financial year | 1 July minus 1 March = 122 days |
Minimum Annual Pension Payment | Account balance x minimum annual percentage x days remaining in financial year / days in the financial year. And rounded to the closest $10. $300,000 x 5% x 122 / 365 = $5,010 |
Pension Payment Frequency | Monthly (as chosen by you). Monthly payments are paid on 20th of the month. For this example there will be four monthly payments of $1,252. On 1 July the minimum will be recalculated. |


Planning for retirement
How much super can you have and still get the Age Pension?
Thinking of applying for the Age Pension? Find out how your super balance and overall assets could affect your eligibility for Age Pension payments.


Planning for retirement
What are the latest Age Pension rates and limits?
In this article, we’ll walk you through the current pension rates and Age Pension limits.


Planning for retirement
Accessing super when retired
With a Rest Pension account, you’ve got options for accessing your super when you're retired.