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COVID-19 and changes to minimum pension draw down

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.

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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.

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  • enquiries@freedomofchoice.com.au