Super News
2009 Federal Budget
The federal government recently handed down its budget for the upcoming financial year (2009/10). This budget includes some proposed changes to superannuation and age pension that are yet to be passed in parliament.
Minimum Pension draw-down relief
On 18 February 2009, the Federal Government announced a 50% reduction in the minimum draw-down requirements.
This reduction has been introduced to offer some relief during the current investment environment. It reduces the need for pension account holders to lock-in losses by drawing income they would prefer to keep investing.
