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Papers Archive News & Events Archive TurkAlert Archive	about us  our people  our publications  our value added services  contact us  links  site map  INSURANCE & FINANCIAL SERVICES  COMMERCIAL DISPUTES & INSOLVENCY  WORKERS COMPENSATION  BUSINESS & PROPERTY  30/06/10 CLIENT UPDATE: Extension in Drawdown Relief for Account-Based Pensions The Government has today announced that it will extend the drawdown relief currently provided for account-based superannuation pensions to the 2010-11 year. The law requires that minimum payments be made from a superannuation account-based pension at least annually. Minimum payments are determined by age and account balance on 1 July each year. The relief will again be in the form of a 50% reduction in the minimum payment amounts for account-based, allocated and market‑linked pensions. Paul Cleary has considerable expertise in the provision of specialist financial services and would be pleased to offer strategic superannuation legal advice. For more information, please contact: Paul Cleary Partner T: 02 8257 5760 paul.cleary@turkslegal.com.au To print this update, please click on the PDF download - above right. Back to News & Events » Other Resources Extension in Drawdown Relief for Account-Based Pensions - [190.2 KB PDF]
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