Changes to pension assets test may leave some without
Next year on January 1 changes to the pension assets test will affect older citizens around the country and their day to day finances. The pension assets test determines whether someone is eligible for the pension and for how much. The changes mean some will walk away with a larger pension, whereas others will see their pensions completely ineligible. But these changes could have flow on effects for the rest of the community. We were joined by Warren McKeown a financial planning expert and teaching fellow at the University of Melbourne, to find out more.
