Minimum Pension Expected to Revert to 100% for Financial Year 2024 (FY24). The government did not announce any extension of the 50% reduction on the pension minimum drawdown requirements, which have been in effect since the 2019/20 financial year (COVID). This means minimum drawdowns will likely DOUBLE from 1st July 2023 as per the schedule […]
It’s been another big year. In January the RBA rate was 0.25% (40+ year low) fueling asset price growth of everything incl 2nd hand cars. We had lockdowns, the AO Tennis controversy and multiple natural disasters making it near impossible to source quality tradespeople. We had extraordinary COVID Gov spending including payments to casual workers […]