Change pension payment amount

During your retirement, your lifestyle and personal situation may vary. This means you may need to adjust your pension payment amount from time to time. With a Mine Super pension account you can choose how much you’d like to receive and how often you’re paid. 

You can calculate your minimum payment amount by using the latest figures on the government’s MoneySmart website.

Important

In response to COVID-19, the Government has extended the temporary reduction of the minimum pension drawdown rates by 50% for the 2021-22 financial year. You can find out more about the current rates at moneysmart.gov.au

Call us

If you’d like to change your pension payment amount, simply call us on 13 64 63

 

OR

Download

Download our Update your pension details form.

Fill in

Complete all fields.

Submit

Send your completed form by: 

We'll process your request

We’ll do this within five business days of receiving your completed form. If we have any questions regarding your request, we’ll be in contact with you.

 

Things to consider

When choosing an annual payment amount, you should consider your financial circumstances and retirement needs now, and into the future. It’s also important to consider if pension payments will affect your Age Pension eligibility

If you’re unsure, don’t forget we’re here to help. You can give us a call on 13 64 63 or email help@mine.com.au

If your needs are more complex, we can put you in touch with a financial adviser from Mine Super Financial Advice.