ROY SPAGNOLO & ASSOCIATES Chartered Accountants MINIMUM PENSION DRAWDOWN REMINDER An SMSF must pay a minimum amount each year to a member who is receiving an account-based pension. This minimum amount is calculated by applying the relevant percentage factor based on the member's age by the member's pension account balance calculated as of 1 July 2024, or on a pro rata basis if the pension commenced part way through the 2025 financial year. If the minimum payment is not made by 30 June, this could result in adverse taxation consequences for the member. A CHARTERED ACCOUNTANTS AUSTRALIA NEW ZEALAND AVINIA "W" 11 CELEXCH HAM STS Like Us On facebook f 193 Yambil Street, Griffith NSW 2680 Ph: 6964 4400 | www.royspagnolo.com.au RM8465740 ROY SPAGNOLO & ASSOCIATES Chartered Accountants MINIMUM PENSION DRAWDOWN REMINDER An SMSF must pay a minimum amount each year to a member who is receiving an account - based pension . This minimum amount is calculated by applying the relevant percentage factor based on the member's age by the member's pension account balance calculated as of 1 July 2024 , or on a pro rata basis if the pension commenced part way through the 2025 financial year . If the minimum payment is not made by 30 June , this could result in adverse taxation consequences for the member . A CHARTERED ACCOUNTANTS AUSTRALIA NEW ZEALAND AVINIA " W " 11 CELEXCH HAM STS Like Us On facebook f 193 Yambil Street , Griffith NSW 2680 Ph : 6964 4400 | www.royspagnolo.com.au RM8465740