Changes to Minimum Pension Drawdown
The Federal Government announced that the minimum pension drawdown rates would be halved for the 2019/2020 and 2020/2021 financial years.
The table below shows the temporary rates for 2019/2020 and 2020/2021, and the normal rates for preceding years.
We will not be making any changes to members existing pension payment amounts for the current financial year. If a member would like to change or cease their pension payments in line with the new revised temporary minimum, please contact Freedom of Choice admin via enquiries@freedomofchoice.com.au for specific instructions.
