New Financial Year Pension Payment Relief
This means for Client's with an Allocated Pension/Pension the minimum annual drawing has been reduced to the following:
|
Minimum Annual Payment | |||
|
Your age on 1 July |
Proposed 2012/13 |
Proposed 2013/14 | |
|
Under 65 |
3.0% |
4.0% | |
|
65-74 |
3.75% |
5.0% | |
|
75-79 |
4.5% |
6.0% | |
|
80-84 |
5.25% |
7.0% | |
|
85-89 |
6.75% |
9.0% | |
|
90-94 |
8.25% |
11.0% | |
|
95+ |
10.5% |
14.0% | |
Last year MLC contacted people with Allocated Pensions/Pensions in July, we believe that it will be the same this year, however, if you have any questions or concerns please contact our office on 02 65622295 and talk to either Tim or Debra.
