October 19, 2016
From 1 January 2017 there will be changes to the asset-test rules for Centrelink age pensions in Australia. There will be approximately 100,000 people set to lose their age pension entirely and a further 200,000 to experience a reduction in their pension payment. Around 170,000 people will, on the other hand, actually get an increase in their payments.
We have previously discussed this on our blog in March, so please see this for additional information on specific thresholds.
Jeff has also recently discussed these changes with ABC Southern Queensland’s breakfast host, Belinda Sanders. The audio file for Jeff’s interview is below:
Additionally, you can listen to Jeff’s interview on our Facebook Page by clicking on the link below. Please like and share our Facebook page to ensure you are kept up-to-date with any financial information or changes Aspire Financial Consulting Pty Ltd posts in the future.