The minimum drawdown requirements for account-based pensions and similar products have been reduced by 50% for the 2020 financial year, and the 2021 financial year.
If you have already drawn down more than the required minimum, any deposits into your fund will be treated as a contribution under normal contribution rules.
146 Bloomfield Street Cleveland
P.O. BOX 24, Cleveland QLD 4163
Phone: + 61 (7) 3286 1322
Fax: + 61 (7) 3286 3022