Superannuation – Minimum Superannuation Pension Payments
An extension has been granted into the 2010-2011 year for the 50% reduction in minimum pension payments. This 50% reduction was first introduced as a temporary measure in December 2008 in response to the financial downturn, however treasury acknowledges that financial recovery has been a slow process and has therefore extended the reduction in the minimum pension requirements.
If you would like additional information on superannuation pension payments contact any one of our offices at Parramatta, Sydney or Penrith and speak to a qualified chartered accountant click here for contact information