Pensioners – Reduce your assessable assets and receive an effective return of 7.8%
If you are a Home-Owner pensioner couple you can have $401,500 in assessable assets (this means virtually everything apart from the value of your home) and receive the maximum pension of $1,297.40 per fortnight. For every $1000 you have in assessable assets above $401,500 your pension will decrease by $3 per fortnight or $78 per … Read more