SUPERANNUATION - MINIMUM PENSION PAYMENTS


A reminder that all self-managed superannuation funds which are in pension phase are required to make minimum pension payments by 30 June 2010. The minimum pension amount is calculated by taking the pension account balance at 1 July 2009 and multiplying it by the ATO prescribed rate as determined by the member’s age. The minimum pension rates for the 2010 financial year are as follows:




If you would like additional information on superannuation pension payments contact any one of our offices at Parramatta, Sydney or Penrith and speak to a qualified chartered accountant click here for contact information