Minimum Required Pension
Account Based Pension Version 2011.1.au
Data Input
Name
Date of birth
Pension Start/Review Date
Pension Account Balance
   

Notes:
The minimum pension to be paid is worked out by multiplying the member's pension account balance by a percentage factor. It is rounded to the nearest $10. Where the pension commences after 1 July the minimum payment for the first year is calculated proportionally. No minimum is required if the commencment is after the 1st of June.