The Chasers Channel

TCC 36 - The Minimum Pension Drawdown Rules



For all of you Chasers who’ve clocked in at preservation age and stashed some cash away in super, understanding these minimum pension things is pretty important.

Think of it like this: once you hit that preservation age, you can tap into your super as a regular income stream, sort of like a rainy-day fund for your golden years.

But to make sure that rainy day fund lasts longer than Collingwood’s last premiership, the government throws down some rules about how much you have to take out each year.

What you’ll learn:

  • (0:14) Navigating Minimum Pension Requirements
  • (0:48) Importance of Understanding Minimum Pension Rules
  • (1:12) General Advice Disclaimer: Financial Planning Episode
  • (2:06) Overview of Bare Minimum Pension Requirements
  • (2:40) Adjustments in Minimum Pension Based on Age
  • (2:58) Flexibility in Pension Withdrawals
  • (3:18) Factors Determining Required Pension Withdrawals
  • (3:38) Consequences of Skipping Minimum Pension Withdrawals
  • (4:02) Transitioning Back to Pre-Pandemic Minimum Pension Rules
  • Loads More…

Links and Resources:

SuperGuide – Retirement Planning and SMSFs

Australian Financial Review (AFR) – Personal Finance and Retirement

#MinimumPension #RetirementPlanning #Superannuation #FinancialPlanning #PensionWithdrawals