Written by Sheppard-Hanson-Accountants on June 8, 2021 in Practice Updates

The Government has announced an extension of the temporary reduction in superannuation minimum drawdown rates for a further year to 30 June 2022.

As part of the response to the coronavirus pandemic (and the negative effect on the account balance of superannuation pensions), the Government reduced the superannuation minimum drawdown rates by 50% for the 2019/20 and 2020/21 income years.

The ATO is also looking closely at anyone with significant working from home expenses[…]