Pension minimum relief extended to financial year 2021/22

  • Post category:Retirement

On Saturday 29 May 2021, the Government unexpectedly announced an extension of the temporary reduction in superannuation minimum drawdown rates through to financial year 2021/22. From 1 July 2021 minimum pensions will again be halved for all account-based and term allocated income streams as follows: Account Based Pension Minimums: Age Standard…

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