Retirement Account Drawings in Australia
/The 2020-21 Study of Retirement Accounts in Australia follows on from the series of investigations initiated by Plan for Life and the Retirement Incomes Working Group of the Institute of Actuaries of Australia.
This research is aimed at showing the degree to which 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, as well as the additional, discretionary drawings taken.
Total drawing rates, ‘pension’ rates and other discretionary rates are shown for each age group, and the major tables have been subdivided between males and females and also separated by retail funds and Industry funds.
Superannuation and Retirement Funds are invited to participate in the project by providing data or joining the steering committee to direct future research.
Contact us to purchase the full report. Samples available on request: support.australia@issmarketintelligence.com
Downloads:
Media Release - Updated Research on Super Fund Retirement Account Drawings - March 2021
Media Release - Actuaries Institute July 2016
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