The Government is temporarily reducing superannuation minimum drawdown requirements for account-based pensions and similar products by 50 per cent for the 2019-20 and 2020-21 income years. The attached factsheet provides a table and example of the changes : https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet-Providing_support_for_retirees_to_manage_market_volatility.pdf.
For further information please contact either Oggy, Caitlin or Noé.
Date of Issue: 23 March 2020 Author: Noé Vicca
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