Your Superannuation

Reduction in minimum superannuation drawdown rates extended again.

 

The temporary 50% reduction in superannuation minimum drawdown requirements for account-based pensions and similar products has been extended to 30 June 2023.

 

AgeDefault minimum drawdown rates (%)Reduced rates by 50% for the 2019-20 to 2022-23 income years (%)
Under 6542
65-7452.5
75-7963
80-8473.5
85-8994.5
90-94115.5
95 or more147