The Government has made changes to the Pension Assets test, which are due to come into effect in January 2017. The changes involve an increase to the assets test limit to qualify for a full age pension. For some people this may mean a higher entitlement to the age pension and for others a reduction in their entitlement. Some people may lose their age pension altogether.
It is important to seek advice if you wish to understand how these changes affect your financial situation. If you do identify risks, your financial planner can guide you on how best to manage them and remain on track to achieve your goals.
Will these changes impact you? Find out more in our short video.