For those of you in pension phase, there has been an extension of the temporary reduction in superannuation minimum drawdown rates through to financial year 2022/23 From 1 July 2022 minimum pensions will again be halved for all account-based and term allocated income streams as follows:

Account-based pension minimums

Age	Standard Minimum	Reduced Minimum for 2022/23
Under 65	4%	2%
65-74	5%	2.5%
75-79	6%	3%
80-84	7%	3.5%
85-89	9%	4.5%
90-94	11%	5.5%
95 or older	14%	7%

Great news for those pensioners trying to preserve their pension capital.

Lindsay 0413 952180

For a zoom appointment click https://calendly.com/bridgland