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Are you prepared for the changes to the Age Pension assets test?

Are you prepared for the changes to the Age Pension assets test? How the assets test will work in 2017 could increase your Age Pension entitlements, or take some or all of them away. With revisions to the Age Pension assets test just around the corner, it’s important to understand how the changes could impact you, particularly with part-pension thresholds somewhat tighter than initially projected. These thresholds are the value of assets you can own …

FinancialPartners 15/12/2016 20/08/2018 Blog / FP - Financial Planning / FP - Pensions / FP - Retirement / FP - Saving / FP - Super - Accumulation age / Are you prepared for the changes to the Age Pension assets test? / assets / Changes / Pension / prepared / test

Changes to the Age Pension assets test

Changes to the Age Pension assets test The government’s recent changes to the Age Pension could affect your ability to plan for a comfortable retirement. Recent reports[1] suggest that more than 300,000 Age Pensioners will have at least part of their pension cut, with just under 100,000 of these people losing all Age Pension entitlements, taking effect from January 2017. The Age Pension and assets test explained The Age Pension provides income support and …