AGE PENSION INCREASE - empty promises

Age Pension increase has been introduced, but how beneficial it really is for you? What are the changes and how will they impact you?

Today we will be talking about the Age Pension changes and increases, and we will check how beneficial they really are.

To be eligible for the full Age Pension:
As a single homeowner, the level of assets that you can have under the Assets Test has increased from $280,000 up to $301,750
As a single nom-homeowner, the level of assets that you can have under the Assets Test has increased from $504,500 up to $543,750
The Age Pension will cut out now:
For a single homeowner the level of asset you can have before the cut off point has increased from $634,750 up to $656,500
And for a single non-homeowner, the level of asset before you lose Age Pension has increased from $859,250 up to $898,500

Similar increases have been introduced for couples:
Homeowners now can have up to $451,500 and still be eligible for the full Age Pension payment
Non-homeowners up to $693,500
And a couple will lose Age Pension if your total assets are above:
$986,500 for homeowners
$1,228,500 for non-homeowners.
Sounds like a very good news, doesn’t it.

Well, let's put it into the test, watch my video to find out the full story.

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