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Minimum pension reductions extended until 2022

Prime Minister Scott Morrison took the opportunity at this week’s Liberal Party Meeting to confirm that the minimum pension drawdown standards would be reduced for another financial year. The so-called COVID-19 measures were set to apply for the 2019-20 and 2020-21 financial years in light of the ‘financial losses’ experienced by investors during the pandemic….
Drew Meredith | 31st May 2021 | More