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Temporarily Reducing Superannuation Minimum Drawdown Rates

Grant Run By: Australian Government Treasury Further Information: https://treasury.gov.au/coronavirus/households/retirees

The Australian Government is temporarily reducing superannuation minimum drawdown requirements for account-based pensions and similar products by 50 per cent for 2019-20 and 2020-21. This measure will benefit retirees holding these products by reducing the need to sell investment assets to fund minimum drawdown requirements.

Last Updated: 20th of July 2021
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