The Conversation

Government tightens pension assets test to save $2.4 billion

Author: The Conversation

Social Services Minister Scott Morrison confirmed that the government has abandoned its 2014 budget plan to cut back the indexation of pensions.AAP/Lukas Coch

A crackdown on the pension assets test would save the budget A$2.4 billion over the forward estimates, with 91,000 current part-pensioners becoming ineligible and another 235,000 having their...

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