Updated Research on Super Fund Retirement Account Drawings - March 2021

Plan For Life, Actuaries & Researchers has released latest findings from an ongoing longitudinal study into Australian Retirement Account drawings, initiated by the Retirement Incomes Working Group of the Institute of Actuaries of Australia and Plan for Life in 2015.

This research shows the degree to which Super fund members have drawn pensions from their accounts, in particular identifying the number and size of the account balances for each age group where at least the minimum pension was drawn. Drawing Rates have been calculated as the ratio of total amounts drawn in 2019, divided by the fund size at the start of 2019.

Source: Plan For Life

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PFL Media Release - Australian Retirement Account Drawings - March 2021