NEWS: PATHFINDER UPDATE - RELEASE PERON + COVID-19 CHANGES
New features and improvements
More options to control deposits and withdrawals in super funds
Choose how to keep a minimum balance in super
Choose whether or not to carry forward the unused concessional cap
Economic response to Coronavirus now implemented in Pathfinder & assumed cash returns have been reduced
On 23 March 2020, the Australian Government released the "Economic Response to the Coronavirus", so the following legislation is now in Pathfinder:
- Temporary reduction in superannuation minimum drawdown requirements
- Further reduction of Age Pension deeming rates
- Early access to super (as a workaround)
Also, in the the Optimo assumptions, the return on cash has been reduced from 1%pa to 0.25%pa.
From 1 April 2020, the default start date for analysis will be 2020/21
On 1 April 2020, the default start date for analysis will be changing to 1 July 2020 (i.e. the next financial year).
For more details about how this affects new and existing cases (and you can can still start a case for 2019/20 if you need to).
See our technical release notes.
Changes to contacting support
In light of the COVID-19 situation, the Optimo Team have changed our working arrangements. It will be business as usual except you won't be able to call us. If you have a support question, please email firstname.lastname@example.org and we'll triage your email and reply as soon as we can. If necessary, we can also call you back.