Minimum super drawdowns rates remain reduced

Super minimum drawdown requirements remain reduced by 50% for 2022–23 income year. This means the minimum annual payment trustees need to make to their members’ account-based pensions and annuities, allocated pensions and annuities and market-linked pensions and annuities has been reduced by 50%. However, their members can choose to receive more than the temporarily reduced minimum drawdown rate. Any decision should be clearly documented and stored appropriately.