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Joseph123(Enthusiast)Enthusiast
2 Nov 2023

I started me income stream super when I turned 60. in May 2023 I will turn 65. I'm getting my pension payment once a year in April. Last year it was 4%. How much it should be this year - 4 or 5 %? (note - I'm getting my pension before I will turn 65 yo).


Thank you.

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Bruce4Tax(Taxicorn)Taxicorn
2 Nov 2023

Based on age at 01 July each year, so


2022-23 = 2 % - that is what it was, not 4 %

2023-24 = 5% - if your turned 65 in May 2023, as stated ( 4 % if you meant May 2024)


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