The asset test changes for Centrelink Aged Pension payments will take effect on 1 January 2017. Despite these changes first being announced in the 2015 Federal Budget, I am certain that are many people who are unaware of the changes and what it will mean to them.
The 2016 Federal Election is now over but we may not know who won for at least a few days. Regardless of your political persuasion, and whatever the final result, it can only be considered a bad one for Australia.
The UK took the world by surprise last week when its citizens voted to leave the European Union (EU). This unprecedented move has left everyone wondering what’s next. Whilst no one really has a clue, and many Australian financial institutions are downplaying the impact, there is good reason to be concerned.
The Hon Scott Morrison MP handed down his first Federal Budget on the 3rd of May 2016. There were modest changes to income tax rates and Centrelink rules but significant, and largely negative, changes to superannuation. Of most concern is that a number of the superannuation changes are retrospective and hence impact existing and established…