Wednesday 10 June 2015
Pension means test changes
In the week leading up to the release of the 2015 Federal Budget, the Government announced significant changes to the means tests for eligibility to certain social security payments, including the age pension.
This article looks at these changes in detail, using case studies to illustrate the effects, and examines a number of strategy considerations for financial service professionals.
Note: the proposals outlined in this article were passed into law on 30 June 2015.
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