Pension Minimum – Relief Extended

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
AgeStandard MinimumReduced Minimum for 2022/23
Under 654%2%
65-745%2.5%
75-796%3%
80-847%3.5%
85-899%4.5%
90-9411%5.5%
95 or older14%7%

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

Lindsay 0413 952180

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

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