Minimum Pension Archives - GERARD WILKES & Assoc

April 1, 2020

Minimum pension drawdown rates halved for 2019/20 and 2020/21

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On 22 March 2020 the federal government announced that the minimum pension drawdown rates would be temporarily halved for the 2019/20 and 2020/21 financial years. This is due to many retirees losing a significant portion of their super account balance as sharemarkets have plunged due to the coronavirus crisis. This rule change assists retirees who […]