Market Linked Pensions and the temporary pension reduction

As part of the economic response package to the global impact of the coronavirus, the Federal Government has  introduced into Parliament the Coronavirus Economic Response Package Omnibus Bill 2020 which includes a temporary reduction to the drawdown amounts from accounts-based pensions, which include Market Linked Pensions (also known as Term Allocated Pensions). In the same…

COVID19 Super Measures: Changes to the social security deeming rates

The government has announced today (22 March) the second round of measures as part of its economic response to the coronavirus.  This includes a range of measures that have a direct impact on superannuation, which includes: Temporary early release of superannuation Temporarily reducing super minimum pension drawdown rates Reducing social security deeming rates This blog…