From 1 January 2017 changes to the government Age Pension asset test will take effect, which may impact the pension you receive. These changes were announced in the 2015 Federal Budget and have successfully passed.
The government is changing the criteria for who can receive the Age Pension by changing the asset test thresholds.
- The amount of assets you can have and still receive a full pension will increase, and
- the cut-off limit where you will not receive any pension will decrease.
Some pensioners will benefit, and some will be worse off. Please read our fact sheet to find out what these changes could mean for you.