Helen is 75 and has $500,000 in her account on 1 July 2017, invested within the Bonds and Core Strategy investment options. Under the pension payment rules she must take out 6% of her account balance. She's selected Bonds as her first choice to draw her payments from with the Core Strategy as her second choice. This means her pension payments (and all other withdrawals, fees and costs) will be withdrawn from her Bonds investment option until the money is gone, at which time it will be drawn from her Core Strategy option.