50% Minimum Reduced Pension Income is Extended – 2022FY

Following on from my video earlier in the week about the 50% reduced minimum pension income, I have news now that this will be extended for the 2022 financial year. 

What does this mean for you?

If you are currently receiving the reduced 50% minimum pension income, then this will continue until 30th June 2022. If you wish to receive higher level of income over the next 12 months then just reach out and let the team know and we can make that change for you. If you are happy to continue receiving the 50% reduced income, then you do not need to do anything at all as this will continue for you.

For those that have a nominated amount of income set and are happy with that, then you also do not need to do anything.

I explain more in my video below for you.

Direct video link: https://www.youtube.com/watch?v=ZHdSw6J3CgI&t=21s

I hope this video was helpful for you with making a decision on your income needs in retirement, and please let me know if you wish to make any changes.

Stay Safe & Happy Investing,

 

Aaron Kane

Managing Director

EK Financial Group

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