SMSF Core
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Free tool · no signup · SIS Regs 1994 Sch 7

Minimum pension calculator, FY 2026-27

The percentages did not change this year. The base did, because the minimum recalculates every 1 July from that day's balance. A standing order set against last year's number quietly undershoots. Enter the 1 July balance and age; the calculator applies the Schedule 7 band and the $10 rounding, nothing else.

Minimum pension payment · FY 2026-27

$25,000

5% of the 1 July balance, rounded to the nearest $10: the full-year minimum.

4%under 655%65-746%75-797%80-849%85-8911%90-9414%95+

Age bands (SIS Sch 7): under 65: 4% · 65-74: 5% · 75-79: 6% · 80-84: 7% · 85-89: 9% · 90-94: 11% · 95+: 14%. Pensions commenced during the year pro-rate by days remaining; commenced on or after 1 June, no minimum applies for that year.

SMSF Core's pension module saves the 1 July balance, computes the minimum from the member register's date of birth, and tracks every payment against it through the year. The sample fund at app.smsfcore.com/demo has a saved pension in it. Related reading: the pension rule that did not change on 1 July, and the age-band table with a worked example.

Common questions about the minimum pension

What are the minimum pension percentages for FY 2026-27?
Under 65: 4%. 65-74: 5%. 75-79: 6%. 80-84: 7%. 85-89: 9%. 90-94: 11%. 95 and over: 14%. These are the standard SIS Schedule 7 rates; the COVID-era halving ended on 30 June 2023.
What happens if an SMSF misses the minimum pension payment?
The pension is generally treated as having stopped for the whole income year, and the fund loses exempt current pension income treatment on the earnings supporting it for that year. The Commissioner has a limited discretion for small, once-off shortfalls corrected promptly.
How is the minimum calculated for a pension started mid-year?
The minimum pro-rates by the days remaining in the financial year. A pension commenced on or after 1 June has no minimum for that year.

Sources

Not a licensed financial service. Information only. Nothing on this page is financial, tax, or legal advice.