Q: I’m 84 and the sole member of a self-managed super fund in pension phase who is facing problems paying my required minimum income. My member balance is $1.25 million made up of several account-based pensions. My latest investment asset mix is about $150,000 in cash, $100,000 in shares and a $1 million rental property. The assets derive income (net of fund operating costs) of about $37,000 per annum. The annual minimum pension obligation I face in 2024-25 when I turn 85 will be a hefty $112,500. Is there anything I can do, as I see myself facing problems as my cash runs down? Maria.

A: This situation is common for retirees with account-based super pensions as they age, with higher minimum income payments becoming an issue.