NEWS: PATHFINDER UPDATE - RELEASE PERON + COVID-19 CHANGES

New features and improvementssuperchanges.png

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

Read the full release notes here.

 

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.

Read the release notes on the Coronavirus adjustments here

 

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 support@optimofinancial.com.au and we'll triage your email and reply as soon as we can.  If necessary, we can also call you back.

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