June 1, 2016

Age Pension and 30 June

You are probably aware that there are significant changes to the Centrelink Age Pension Asset Test from 1st January 2017. Now is the time to start planning and making changes to give you the best outcome if you fear that you will lose all, or a significant part, of your pension. Some people will be better off in January but if you own your own home and your assets (excluding the home) are close to the following limits you may want to read further: Single $350,000                 Couple $470,000 It is important to know that if you lose your pension […]