4 measures to help retirees, investors and superannuants

Co-founder of the Switzer Report
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The Federal Government announced four initiatives over the weekend to ease the financial impact of the Coronavirus on retirees, investors and superannuants. These are:

  1. Super drawdowns halved.
  2. Deeming rates cut by 0.75%.
  3. Early access to super.
  4. Special term deposit rates.

Details of these initiatives are set out below, plus some comments about the application of the transfer balance cap.

1. Super drawdowns halved

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