Changes to the pension asset test will ripple through the economy
- Written by Warren McKeown, Teaching fellow, University of Melbourne
On January 1, 2017 the age pension will undergo significant changes. Changes to the assets test, which determine who can receive a pension and how much, could see 166,000 pensioners receive an increase in their entitlements. But many people will also have their pensions reduced and others will become ineligible entirely.
These headline numbers are...