Minimum pension drawdown reminder

News Tax & Compliance General Updates

Date: 17th Apr, 2025 Source: Australian Taxation Office (ATO) Country: Australia Original Source

Brief

"On 17/04/2025, the Australian Taxation Office (ATO) issued an update regarding Minimum pension drawdown reminder. A self-managed super fund (SMSF) must pay a minimum amount each year to a member receiving an account-based pension that commenced on or after 20 September 2007, calculated by applying the relevant percentage factor based on the member's age and pension balance as of 1 July 2024."

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Australian Taxation Office (ATO)

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Minimum pension drawdown reminder

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Minimum pension drawdown reminder

Brief

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