The Government is continuing its policy to remove financial barriers which currently inhibit age pensioners (and service pensioners) from downsizing due to the application of the means tests to the sale proceeds of a pensioner’s principal place of residence.
assets test
2015 Budget changes to the Centrelink assets test
Budget asset test changes may cause some pre 1 January 2015 account-based pensions to cease to be “grandfathered” under the “deductible amount” income test One, possibly unintended, consequence of the 2015 Budget changes to the Centrelink assets test is that pre 1 January 2015 account-based pensions (which are currently excluded from the Centrelink “deeming” test […]
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