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%
95 or older14%7%

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

Lindsay 0413 952180

For a zoom appointment click

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s