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07 Aug 09 On inconsistent ATO advice

MEMBER 9 writes:

"I am perfectly capable of entering a confused state without any help from the ATO thank you.

The following appears in a Factsheet - pension drawdown relief: 'Will the 50% reduction in the minimum payment amounts apply for the 2009-10 year as well? - The Government's announcement relates only to the 2008-09 year.'

The following appears in the email that carried the link to the Factsheet: 'Under the regulations, this percentage (4%) is reduced to 2% for the 2008-09 financial year and 2009-10 year.'

TAXVINE COMMENT: See the joint media release issued by the Treasurer, Wayne Swan, the Minister for Superannuation and Corporate Law, Senator Nick Sherry and the Minister for Families, Housing, Community Services and Indigenous Affairs, Jenny Macklin, on Budget night, 12 May 2009, in which it was announced that: "From 1 July 2009, the Government will halve the minimum amounts self-funded retirees have to draw down from their account-based pensions for 2009-10."

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