Minimum pension limits


Legislation provides that members who are in receipt of an account based pension must receive a minimum payment amount each year.

What are minimum pension limits?

Each financial year, you are required to be paid at least the minimum legislated pension from your pension account. The annual minimum amount you must take from your pension is based on your age and expressed as a percentage of the balance of your pension account as at 1 July or when you commence your pension (whichever occurs later).

Your age Minimum pension limit (% of account balance)
Under 65 4
65–74 5
75–79 6
80–84 7
85–89 9
90–94 11
95+ 14

How do I change the amount on my pension?

ITo update your monthly pension amount, you can:

  1. Register for Member Online to update your amount electronically
  2. Email your instructions to
  3. Send written confirmation of your change to:

    The Victorian Independent Schools Superannuation Fund

    GPO Box 4974

    Melbourne VIC 3001

Each year we will notify you of your minimum pension payment amount. You can then choose how much you would like to receive each month, for that financial year. You may also change the amount of your monthly payment at any time, subject to the minimum pension limits.

Alternatively, you may wish to have your payments automatically indexed in line with inflation from 1 July each year, provided the payment remains within the minimum and maximum levels.

PLEASE NOTE: Whenever you change your payment amount, your instruction may not take effect until the following payment period, depending on when we receive your instruction.

Need advice?

Discover the difference expert advice can make to your super and retirement options.

As a VISSF member, you can now access an extensive range of advice services. A qualified financial planner from our Advice Team can help you answer single questions like:

  • Do I have enough money to retire?
  • How much money do I need to retire?
  • How long will my money last?
  • Which investment option is right for me?
  • Should I salary sacrifice?
  • Should I consolidate my super? How?
  • Do I have enough insurance cover to protect myself and my family?

You can also access simple retirement planning advice from VISSF, including advice about:

  • Effective contribution strategies
  • How to work less and access your super to top up your income
  • How to convert your super into a regular income stream

And if you need more comprehensive financial advice, the VISSF Advice Team can arrange a face-to-face meeting with a financial planner. The first meeting is complimentary.

Call 1300 660 027 to take advantage of our new financial advice services for members.

Have any questions?

Call us: 1300 660 027



Click here to download this article as a PDF Fact Sheet.

This fact sheet is issued by the Trustee of The Victorian Independent Schools Superannuation Fund (ABN 37 024 873 660, RSE Registration number R1000436, MySuper Authorisation 37024873660599) VIS Nominees Pty Ltd (ABN 11 006 586 367 Australian Financial Services Licence number 235097. Registrable Superannuation Entity Licence number L0000321). It contains general advice only. In preparing this fact sheet, the Trustee has not taken into account your objectives, financial circumstances or needs. Before making any financial decisions, you should consider your personal circumstances and seek appropriate independent advice. The individual case study samples are for illustrative purposes only.

Chant West Super 2018 Pension 2018

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