Choice Income or TTR Income members who joined before 1 July 2023
Every July, you'll receive an email or letter confirming your payment amounts for that financial year. You don’t have to do anything, unless you choose to change your payment amount1. You can change your payment options, by logging into your account online.
What happens from 1 July 2023
The government had applied reduced minimum drawdown rates for all account-based pensions, up to 30 June 2023. However, from 1 July 2023, the government's standard minimum drawdown rates will apply to all account-based pensions, with no reductions. Learn how this change may affect your income payments, by viewing the scenarios below:1 The maximum withdrawal limit of 10% applies for TTR Income members.
See or make changes to your income payments
Check or change your income payment amount or frequency at any time, by logging into your online account and going to Transactions and then selecting Income payments.Access your online account