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  • Extension of temporary reduction in superannuation minimum drawdown rates

    On 25 March, the government announced a further extension to the temporary reduction in superannuation minimum drawdown rates. The measure was introduced in 2020 as part of the government's response to COVID-19 which has been in place for the 2019–20, 2020–21 and 2021–22 financial years and is being extended to the 2022–23 financial year.

    The Regulations supporting this measure were registered on 1 April 2022. This means that you will be able to continue to take advantage of the 50% temporary drawdown reduction from 1 July 2022 until 30 June 2023.

    For more information

      Last modified: 11 Apr 2022QC 65954