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  • Extension of temporary reduction in superannuation minimum drawdown rates

    On 29 May, the government announced an extension to the temporary reduction in superannuation minimum drawdown rates. This is an extension on the measure that was introduced in 2020 as part of the government's response to COVID-19.

    If the extension is passed, you will be able to continue to take advantage of the 50% temporary drawdown reduction until 30 June 2022.

    The current measure applies for the 19-20 and 20-21 financial years and is due to end on 30 June 2021.

    We will continue to update this page as more information becomes available.

    For more information:

      Last modified: 15 Jun 2021QC 65954