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Government passes pension changes

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.…

Budget 2015: Pensioners

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.…

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