Changes to the Age Pension assets test occurred on 01 January 2017. Find out what happened and how you can claw some of the reduction back.
Around 76% of retirees in Australia rely on Age Pension currently and the rules are about to change. For the worse!
With the Government running up budget deficits, a wave of baby boomers about to retire — at the rate of almost 5,000 per week — and the fact our life expectancy is predicted to get longer, this is hardly surprising. But the impact on retirees is going to be significant.