Assistant Treasurer and Minister for Financial Services & Superannuation, Mr Bill Shorten has announced the finalisation of regulations providing further draw down relief for account-based pensions in the 2011/12 financial year. Superannuation Industry (Supervision) Amendment Regulations 2011 (No. 1) provides relief for self-funded retirees by reducing the minimum payment amounts for accounts based pensions by 25% for the … Continue reading »