SMSF - Minimum pension drawdown reverts to pre pandemic levels

In response to COVID-19, the government temporarily reduced superannuation minimum drawdown requirements for account-based pensions and similar products by 50% for 2019–20, 2020–21, 2021–22 and 2022–23 financial years.

From 1 July 2023, the minimum drawdown requirements will revert to pre-pandemic levels:

You can read our 30 June 2023 SMSF Newsletter here.