The assets test affecting age pensioners will change on 1st January, 2017.
The effect will vary from person to person (or couple to couple), depending on circumstances. Broadly speaking, those who have smaller amounts of assets may see their pensions rise, whereas those with bigger amounts, could see their pensions reduce, or cease altogether.
In order to avoid nasty surprises, people receiving an age pension, should undertake the following three steps:
...
1843 Hits