Fast Facts
Updated July 2024 for financial year 2024-25, 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% |
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 1964 | Already attained |
| From 1 July 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 |
