07 3262 6585 Book a time

Picture Book · Account-based pension vs TTR

The 10% ceiling

Story pages

A man in his early sixties with a grey moustache washing a ute in a driveway
Meet Frank. He's 62 and has $200,000 in a TTR.
A single small stone step leading up to a garden path
Each financial year he must take at least 4% of his TTR balance, worked out on 1 July.
A low timber garden fence with a gate
And he can't take more than 10%. On $200,000, that's between $8,000 and $20,000 a year.
A locked wooden garden shed with a sturdy latch
Until he retires or turns 65, he generally can't take money out of his TTR as a lump sum.
A row of jam jars on a windowsill catching the morning light
He can choose how often payments arrive, such as monthly or quarterly.
A man in his early sixties with a grey moustache relaxing in a hammock under a gum tree
Frank sets a steady amount to top up his pay.

The end

Want this for your situation?

Every situation is different. One of our advisers can help you work out what applies to you.

Book an appointment with one of our advisersRead the full article

Next story: Where tax applies

General advice warning. This picture book is general information only. It does not take into account your objectives, financial situation or needs, and it is not personal advice. Rules and thresholds change. Before acting, consider whether it is right for you, read any relevant Product Disclosure Statement and our Financial Services Guide, and seek personal advice. Past performance is not a reliable indicator of future performance.

Information as at 27 October 2026. Sources:

1 / 7

Swipe, use the arrows, or press ← → on your keyboard.

Want this for your situation?

Every situation is different. One of our advisers can help you work out what applies to you.

Book an appointment with one of our advisersor call 07 3262 6585

Keep exploring: More account-based pension vs ttr stories · All picture books · Age Pension what-if planner · Cost-of-living help for homeowners