Yes, some people may try to qualify for a pension payment before selling an asset. But the loophole is far narrower and better defended than some headlines suggest.
Articles on Aged pension
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New research shows how much we’d need to increase Commonwealth Rent Assistance to bring retirees who rent out of poverty.
Research suggests having an income that is guaranteed to last until death can reduce stress and boost retirees’ spending.
Unemployment and related payments for working-age people were given a welcome boost in last year’s budget. But they remain well below pensions, and far from adequate.
The report, to be released in full on Thursday, puts the number of people 65 and over at about nine million by the early 2060s – from nearly 4.4 million in the 2021 census
Everyone is better off under the superannuation guarantee levy, but low and high income earners see a greater benefit than those in the middle.
Top contributors
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Program Director, Housing and Economic Security, Grattan Institute
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Deputy Program Director, Housing and Economic Security, Grattan Institute
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Professor, Crawford School of Public Policy, Australian National University
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Emeritus Professor of Economics (Griffith University) and Teaching Associate (University of Queensland), Griffith University
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Senior Industry Fellow - Taxation and Director of the UTAS Tax Clinic, University of Tasmania
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Senior Associate, Economic Prosperity and Democracy, Grattan Institute
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Professorial Fellow, University of Canberra