Changes to aged pension rules
From 1 January 2017 Government changes to the Age Pension are likely to reduce many Age Pension recipient’s entitlements. It’s important that you understand how the changes could affect you.
From 1 January 2017 Government changes to the Age Pension are likely to reduce many Age Pension recipient’s entitlements. It’s important that you understand how the changes could affect you.
Last week the Federal Government passed $2.4bn of changes to the pension, which will reduce pension cheques for 235,756 seniors, cut 91,378 people from the part-pension and give 171,658 retirees about $15 a week extra.…
Asset test changes Date of effect: From 1 January 2017 As previously announced, the Government will increase the asset test thresholds and the withdrawal rate at which pensions are reduced once the threshold is exceeded.…