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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 which was in place for the 2019-20 and 2020-21 financial years.

    The Regulations supporting this measure were registered on 24 June 2021. This means that you will be able to continue to take advantage of the 50% temporary drawdown reduction until 30 June 2022.

    For more information:

      Last modified: 02 Aug 2021QC 65954