Retirement Savings Accounts Regulations 1997

SCHEDULE 5 MINIMUM PAYMENT AMOUNT FOR AN ACCOUNT-BASED PENSION  

(regulation 1.08A )

SECTION 4  

4    

An amount determined under this Schedule is to be rounded to the nearest 10 whole dollars. If the amount ends in an exact 5 dollars, it is to be rounded up to the next 10 whole dollars.

Item	Age of Beneficiary	Percentage factor
1	Under 65	4
2	65 - 74	5
3	75 - 79	6
4	80 - 84	7
5	85 - 89	9
6	90 - 94	11
7	95 or more	14