Q: I wondered if a SMSF pension that was started at the relief rate of 2%, would it then have to increase to the 4% once the relief period expired, or would it remain at 2% because it was started at that rate?
The temporary pension relief (halving of minimum pension payments) applicable for account-based pensions, and other eligible pensions is just that – temporary.
Based on the contents of your question, if your minimum pension payments were 4% and then halved to 2% under the pension relief, then you must be aged 64 or under.
Note that the temporary pension relief is also available for the 2009/2010 year, and the government has left the door open to the possibility of extending that temporary relief for another year.
I explain the pension relief rules in the article: Pension relief drawdown extended for 2009/2010 year.
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