Author Archives: AFC Admin

Age Pension Changes – 1 January 2017

March 11, 2016

There is a significant change coming to the Asset Test for age pensioners.  From January 2017, the limits on how much assets you can have before the age pension starts to reduce and the point at which eligibility ceases altogether are changing.  The table below illustrates the change: Rates current as at 20 May 2015 […]

Accessing Superannuation

February 16, 2016

In Australia, it is compulsory for employers to contribute at least 9.5% of ordinary earnings into a superannuation account.  This money is then locked away until “retirement”.  But what exactly is “retirement” and what other situations are there when can funds in superannuation be accessed? In order to access funds in superannuation, you need satisfy […]