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03 Aug 10 Pension payment relief extended

The ATO has confirmed that the 50% reduction in minimum payments for superannuation pensions will continue in the 2010-11 financial year. The concession will apply to account-based, allocated and market-linked pensions. The minimum amounts payable depend on the age of the pension recipient.

For more information about pension standards, go here and reduce the minimum annual payment percentages shown by 50%.


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