Minimum Pension Payments

As part of the government’s response to COVID-19, legislation was passed to allow a 50% temporary reduction to the minimum pension drawdown requirements. This was designed to assist retirees navigating volatile markets who do not wish to sell their investment assets while the value of those assets is reduced. As we move closer to the end of the 2021/22 financial year, superannuation pension members have the opportunity to assess whether it is appropriate to make use of the relief. We explore some of the considerations below.

Monthly Musings

Welcome to the February edition of our Monthly Musings.
 
In this latest update we will

• provide our market update for February,
• provide a flashback of popular Episode 1 of 3 Minute Tech “Who gets my Super when I die?”,
• deliver a paper in “Focal Point” on Minimum Pension Payments, 
• provide a short video insight into our great Head of Adviser Support, Karen Kernaghan, and
• suggest an interesting book to read.

As always, we hope you enjoy.