Pension minimums


This article explains what you need to do to meet the minimum annual pension requirement, as set by superannuation legislation, for FY25/26.

What are minimum annual pension payments?

Where you have an account based pension, superannuation law requires a minimum amount to be paid out to you each financial year.

We calculate the minimum annual payment required based on your account balance as of 1 July each year.

If your cash balance isn't enough

If you don’t have enough cash in your Cash Account to meet the minimum annual pension payments for FY25/26, you’ll need to sell down some assets to top up available cash before the next pension payment.

You’ll need to do this before Wednesday 3 June 2026. If not, we’ll have to sell down assets to top up your available cash from this date. You can view our Product Disclosure Statement (PDS) for Grow Wrap and Voyage for more information.

Pension payments above the minimum requirement

As long as you have enough cash in your Cash Account, we’ll pay the pension amount you’ve requested.

If there isn't enough money in your Cash Account to pay the amount you’ve chosen, we’ll manually adjust it to the minimum payment that's still required for the year.

Future pension payments in the new financial year will be calculated based on your most recently selected pension payment amount and payment frequency from the previous financial year, with adjustments for any indexation or fixed rate increases you’ve requested.

The information provided is of a general nature and does not take into account your personal needs, financial circumstances or objectives. Before acting on this information, you must consider the appropriateness of the information, having regard to your needs, financial circumstances and objectives. You must also read the relevant PDS or IDPS Guide, this information and any other current disclosure documents, including the relevant Target Market Determination, which are available by calling Customer Services on 1800 893 141 or emailing Customer Services at service@wrapinvest.com.au before making any investment decision.

The Wrap Cash Account and Wrap Invest Cash Account are issued by Macquarie Bank Limited (ABN 46 008 583 542 AFSL 237 502).

The information on this website is current as at the date of publication and may be subject to change. For further information, please contact your financial adviser or Customer Services on 1800 893 141.