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Tag Archives: pensions
Minimum pension drawdown – reduced amounts to continue
The government has announced that it will extend for another year the 50 per cent reduction in the required minimum payment amounts that must be made from account-based, allocated and market-linked pensions. The minimum amounts had been reduced for the … Continue reading
Self-funded retirees – minimum pension rules eased – temporarily
Treasurer Wayne Swan and Senator Nick Sherry, Minister for Superannuation and Corporate Law, today announced relief from minimum account-based pension draw down requirements. The measure responds to concerns that meeting the minimum draw down amount in 2008?09 will mean having … Continue reading
Economic Security Strategy package released
The Federal Government has released a $10.4 billion Economic Security Strategy to strengthen the Australian economy. The package contains the following key measures: · $4.8 billion in new support for pensioners and carers, including a lump sum payment of $1400 … Continue reading