family finances

Reduction to Minimum Pension Payments to be continued!

Written by Felicity Magnussen

As part of the 2021/2022 Budget announcements, the government has confirmed the halved minimum pension drawdown rates will be extended for the next financial year.

The below table outlines the temporary minimum pension % you may be eligible for (note the relevant age is based on your age as at 1 July 2021):

Table showing minimum pension by age bracket

You may have already made changes to your superannuation pension last financial year, however as circumstances change – grandkids to spoil/travel (to Queanbeyan) – you may want to review the level of pension, keeping in mind you can choose to draw more (in many cases, much more) than the minimum.


Please feel free to contact us if you have any questions.

The Halletts Team

Older man with Superman robe and cane holding

How much do you know about your family finances?

Written by Felicity Magnussen
How much do you know about your family finances?  Who holds the knowledge and therefore holds the financial reins at home? It is important for both partners in a couple to have at least some awareness around what’s happening in this aspect of your lives – don’t fly blind as this recent article in the Canberra Times suggests many are doing….