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Minimum superannuation drawdown rates
The Government has announced an extension of the temporary reduction in superannuation minimum drawdown rates for a further year until 30 June 2022. Age Default minimum drawdown rates 2019-20, 2020-21 & 2021-22 reduced rates Under 65 4% 2% 65-74 5% 2.5% 75-79 6% 3% 80-84 7% 3.5% 85-89 9% 4.5% 90-94 11% 5.5% 95 or more 14% 7%
The Government has announced an extension of the temporary reduction in superannuation minimum drawdown rates for a further year until 30 June 2022.
Age
Default minimum drawdown rates
2019-20, 2020-21 & 2021-22 reduced rates
Under 65
4%
2%
65-74
5%
2.5%
75-79
6%
3%
80-84
7%
3.5%
85-89
9%
4.5%
90-94
11%
5.5%
95 or more
14%