When should you start an account-based pension?
The timing of an account-based pension depends on super access conditions, your need for regular payments, other income and the rules applying to your circumstances. Use this guide to prepare questions about minimum withdrawals, fees, tax and Age Pension before deciding.
Timing is a planning decision
The right start age depends on retirement timing, super access, cashflow needs and tax/advice considerations.
Minimum drawdowns matter
Account-based pensions have minimum payment requirements. The amount depends on your age, balance and commencement date; first-year exceptions can apply.
Coordinate with other income
Work income, passive income and Age Pension interaction can change the best timing questions to ask.
Use adviser-prep questions
Pension Pilot helps organise the scenario so you can ask better questions before making formal decisions.
How Pension Pilot helps
Pension Pilot turns spending, super, retirement timing and Age Pension assumptions into a plain-English educational report. It is designed to help you get organised before checking official rules or speaking with a qualified adviser.
Common questions
Is an account-based pension financial advice?
Starting one can involve personal advice considerations, so use this page as education only.
What should I prepare first?
Prepare spending, super balances, planned retirement age and other income assumptions.