Tag Archives: pension

Minimum Pension Payment Changes

Retirees who draw an account-based pension from their super need to be aware that the 50% reduction in the minimum pension drawdown rate which applied for previous years will no longer apply from 1 July 2023. The 50% reduction in minimum annual payment amounts for superannuation pensions and annuities was introduced as a...
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Pension changes to encourage workforce participation

As a result of the government’s recent Jobs Summit and responding to pressure from employer and agricultural lobby groups, proposed changes have been introduced into Parliament that will enable pensioners to work longer and earn more money without losing their pension and other social security benefits. It is hoped this measure will go some way...
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