COVID relief continues for retirees
COVID relief continues for retirees The Australian Government has extended measures brought in to help retirees through the COVID-19 crisis. Lower minimum income rate… If you hold an account-based pension or similar product, you need to withdraw a certain amount each financial year – this is called your minimum income amount. The Government reduced this amount by 50% during the last year. The lower rate has now been extended until 30 June 2022 so Australian …
