Tag Archives: NFTTax

Tax time 2022: ATO focus areas

As a part of the Budget, the government has extended the temporary 50% reduction in minimum annual payment amounts for super pensions and annuities to 30 June 2023. The measure was originally introduced for the 2019-20 year in response to the COVID-19 pandemic which negatively impacted the super account balances of many retirees. According to the government, given ongoing volatility, the extension will ensure that retirees will not be forced to sell assets in order to satisfy the minimum drawdown requirements.

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