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Pension

CHANGES TO AGE PENSION

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Some 400,000 retirees are set to receive a reduced pension or be completely cut off as a result of changes to the Aged Pension Assets Test. The measure will reportedly recover $2.4 billion over the next four years and commences in earnest onΒ 1 January 2017. Just under 92,000 self-funded retirees are said to lose all entitlement to the part pension...
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