On 29 May 2021 (well after the Budget), the Morrison Government announced that the temporary 50% reduction in the minimum amount members were required to withdraw from their pension account will be extended to 30 June 2022. This was a big surprise, most notably because it was announced after the Budget.
So if you are currently drawing the reduced minimum from your pension account, you can continue to do so for the next 12 months. As always, if you wish to make changes to the amount you are withdrawing from your account, feel free to contact the Graham Financial Admin team.