ML/TAP Pension Limits 

Market Linked Pension Ver2021.1.au 

Data Input:


Expiry Date:               

Calculation Date:      

Account Balance:      


A market-linked pension is also known as a Term Allocated Pension (TAP). On the 1st July each year the pension payment amount is determined by dividing the account balance by the relevant payment factor from Schedule 6 of the SIS Regulations, rounded to the nearest $10. The payment factor is based on the remaining pension term in whole years. This term is rounded up if the pension orginally commenced between 1 January and 30 June or rounded down if commenced between 1 July and 31 December. If the remaining term is less than 1, the payment factor is 1. The actual pension drawn must be between 90% (45% for 2019/20 to 2021/22 years) and 110% of the calculated amount. The minimum pension standard (use ABP calculator) also applies if the market-linked pension commenced after 30/9/2007.

Results for 2021-22 Year:

  The required ML/TAP pension is: $
  The minimum required drawdown is: $
  The maximum allowed drawdown is: $

  Based on the following
  Term Remaining unrounded:      
  Term Remaining rounded:
  Market-Linked Factor:  
  Unrounded Pension Payments:

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