Fast Facts

Updated March 2024 for financial year 2023-24, unless otherwise stated

Fast Facts is a comprehensive and easy to use online resource for finance professionals. It brings together useful rates and thresholds from a range of Government sources and is updated quarterly to provide you with the latest information. Bookmark this page to have this resource at your fingertips when you need it.

Account-based pension

Age	Minimum drawdown % of account balance
Under 65	4%
65 - 74	5%
75 - 79	6%
80 - 84	7%
85 - 89	9%
90 - 94	11%
95+	14%

Reduced minimum drawdown requirements apply for 2022-23 financial year and are 50% of the above rates.

Life expectancy (2015 – 2017 Life Tables)

(Income stream purchased from 1 January 2020)

Age	Male	Female
55	28.35	31.49
56	27.47	30.57
57	26.60	29.66
58	25.73	28.75
59	24.87	27.84
60	24.02	26.93
61	23.17	26.03
62	22.33	25.14
63	21.50	24.24
64	20.67	23.36
65	19.86	22.47
66	19.04	21.60
67	18.24	20.73
68	17.45	19.87
69	16.67	19.02
70	15.90	18.18
71	15.14	17.35
72	14.39	16.53
73	13.66	15.73
74	12.95	14.93
75	12.25	14.15
76	11.57	13.39
77	10.90	12.64
78	10.25	11.90
79	9.63	11.18
80	9.02	10.49
81	8.44	9.81
82	7.89	9.16
83	7.36	8.54
84	6.86	7.94
85	6.39	7.37
86	5.95	6.83
87	5.54	6.32
88	5.16	5.84
89	4.81	5.40
90	4.50	4.99
91	4.22	4.61
92	3.96	4.28
93	3.72	3.97
94	3.50	3.69
95	3.29	3.43
96	3.11	3.18
97	2.93	2.94
98	2.77	2.73
99	2.62	2.53
100	2.49	2.36

Preservation age

Date of birth	Preservation age
Before 1 July 1960	55
1 July 1960 – 30 June 1961	56
1 July 1961 – 30 June 1962	57
1 July 1962 – 30 June 1963	58
1 July 1963 – 30 June 1964	59
After 30 June 1964	60

Life expectancy (2010 – 2012 Life Tables)

(Income stream purchased from 1 January 2015 – 31 December 2019)

Age	Male	Female
55	27.71	31.02
56	26.83	30.10
57	25.95	29.19
58	25.09	28.28
59	23.37	26.47
60	23.37	26.47
61	22.52	25.57
62	21.68	24.68
63	20.85	23.80
64	20.03	22.92
65	19.22	22.05
66	18.41	21.18
67	17.62	20.33
68	16.07	18.64
69	16.07	18.64
70	15.31	17.80
71	14.56	16.98
72	13.83	16.18
73	13.11	15.38
74	12.40	14.60
75	11.72	13.83
76	11.05	13.08
77	10.41	12.33
78	9.78	11.61
79	9.18	10.90
80	8.60	10.21
81	8.04	9.55
82	7.51	8.90
83	7.00	8.29
84	6.52	7.70
85	6.06	7.14
86	5.64	6.61
87	5.24	6.11
88	4.87	5.65
89	4.21	4.82
90	4.21	4.82
91	3.92	4.45
92	3.66	4.12
93	3.44	3.82
94	3.24	3.55
95	3.06	3.32
96	2.91	3.11
97	2.78	2.93
98	2.67	2.77
99	2.57	2.62
100	2.46	2.50