- Switzer Report - https://switzersuperreport.com.au -

The ATO makes partial commutations easier

For each pension that your super fund runs, it must pay a minimum income payment every year.

In addition, those pension payments have to be made with cash or cash equivalent, such as cheques or direct debit.

Making the minimum payment

These rules are quite well known. Now you probably also know that the minimum income is based on your age at the start of each financial year and the market value of assets at that time. As you get older, the government’s super laws increase the minimum that has to be paid.