The minimum drawdown amount for account-based pensions will be halved for the 2009/10 income year. This extends the current concession provided to self-funded retirees for the 2008/09 income year.

The Seniors Supplement payment will also be made available to certain self-funded retirees. Self-funded retirees who are eligible for the Senior's Health Card or the Department of Veteran's Affairs Gold card with Seniors Concession Allowance will be eligible for the annual payment of $790.40 for singles and $1190.80 for couples.