In this video, Dean Mico answers an email question in the second edition of Ask Edge7.
The video specifically relates to the 100,000’s of age pensioners (and potential age pensioners) who will lose all or part of their current age pension entitlements on January 1, 2017 as a result of the changes announced by the government in the May budget.
More information with the facts and figures relevant to these changes and how it may affect your specific circumstances can be found in this Proposed Pension Changes article.
The information provided in this article is intended for general use only. The article is intended to provide educational information only. Please be aware that investing involves the risk of capital loss. The information presented does not take into account the investment objectives, financial situation and advisory needs of any particular person nor does the information provided constitute investment advice. Under no circumstances should investments be based solely on the information herein.