Temporary reduced pension minimums extended to 30 June 2022
Written and accurate as at: Jun 16, 2021 Current Stats & Facts
The Government announced an extension of the temporary reduction in superannuation minimum drawdown rates for a further year to 30 June 2022.
The reduction of 50% of the minimum drawdown amounts was introduced in 2020 as part of the response to the coronavirus pandemic and has been extended due to the ongoing impact of the financial markets on retirement savings.
Most companies will retain your prior instructions for pension payments. You may be notified by these companies about the changes and presented the option to adjust them.
If you wish to discuss your pension payments please call or email us.
