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Calculate minimum amount of account-based pension

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Question

Trinh reached age 70 in May 2021 and has been drawing an account-based income stream since she retired in 2020. At the end of 30 June 2021, the balance in her superannuation fund was $1.25 million.

Calculate the minimum amount of account-based pension Trinh will be required to draw down for the 2021/22 financial year.

Reference no: EM133239929

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