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.
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