Drawdown rate for account-based pensions
If you have an account-based pension or a similar product, reduced drawdown rates will apply for 2019-20 and 2020-21. This will reduce your need to sell investment assets to fund minimum drawdown requirements.
Find the reduced drawdown rates on The Treasury website.
Deeming rates for the Age Pension and income support
From 1 May 2020, the upper deeming rate will be 2.25 per cent and the lower deeming rate will be 0.25 per cent.
If you have any queries, please feel free to contact our office on (03) 8838 8726.