Superannuation legislation is constantly changing. There has recently been a further review of pensions in small superannuation funds, and an announcement by the government to improve the choices available to all retirees giving greater flexibility in meeting their retirement income needs. The government will also update the allocated pension drawdown factors in line with current life expectancy. The changes will apply to new pensions commencing from
1 January 2006. This will better enable retirees to draw down their capital over their whole retirement. Just a few of the changes that make the 2006 edition of this popular financial retirement guide, a must-read.
