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U Question 8 1 pts Your age Minimum Under 65 4% 65-74 5% 75-79 6% 80-84 7% 85-89 9% 90-94 11% 95+ 14% When a
U Question 8 1 pts Your age Minimum Under 65 4% 65-74 5% 75-79 6% 80-84 7% 85-89 9% 90-94 11% 95+ 14% When a person retires, their superannuation goes into an account to provide their income stream for living expenses etc. There is a regulated minimum percentage which must be withdrawn (drawdown) annually, according to age. These percentages are listed in the table above. Cameron is 75 and drawing $48000 from his income stream per year which is the minimum he is allowed. How much does he have to drawdown on - answer in $? Previous Next >
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