Minimum Pension Payment Factors To Remain At Reduced Levels For 2021-22 Financial Year

  • The Federal Government announced an extension to the temporary reduction in superannuation minimum drawdown rates for a further year to 30 June, 2022
  • The reduction will remain at the same level as the 2020-21 financial year
  • Table below outlines the withdrawal rates per age group:


What does this mean for members?

  • Members who have elected to receive the minimum pension payment for 2020-21 will continue to receive the minimum as per the above reduced rates unless Mason Stevens is instructed otherwise by the adviser or member.

Notice of intent to claim a tax deduction

If your client is claiming a tax deduction for personal contributions made this financial year, please complete and submit the Notice of Intent to Claim Form to Please refer to the ATO website for further information on when the notice must be submitted.


Have any questions for us?

If you cannot find the answer you are looking for, you can submit a request and we will be in touch as soon as possible. Alternatively you can contact us on 1300 988 878, or email us at