These are notes on the Australian Pension system.
Note that these are NOT financial advice. They are just personal notes which others may find interesting.
From Money Magazine 2013,
Age pension has two test- income test and asset test (own house is excluded). The one that results in the lowest pension is used. Assets for single person test is $730,500, for couple is $1.086m, above which no pension is given.
Note that these are NOT financial advice. They are just personal notes which others may find interesting.
From Money Magazine 2013,
Age pension has two test- income test and asset test (own house is excluded). The one that results in the lowest pension is used. Assets for single person test is $730,500, for couple is $1.086m, above which no pension is given.
