Superannuation Pension Amounts Reduced for 2009/2010

Dated: June 2009

As part of the 2009 Budget, the Government announced that the minimum pension drawdown required for the 2009/10 year will be reduced by 50% for account-based pensions.

This is an extension of the previously announced reduction which only applied to the 2008/09 year - see our article “Reduction in Pension amounts for 2008/09” for more information.