Age pension changes: Keeping your super grandfathered

Key Points Deeming of super balances likely to see a drop in entitlements for many ‘Grandfathering’ allows existing recipients to stay under the old (more generous) rules Benefit of grandfathering can be easily lost if action not taken now In account-based pensions (ABPs) to be ‘deemed’ for the purpose of the Income Test, instead of qualifying for the traditional ‘deductible amount’ approach. Typically (although not always) the new rules will give you a worse result. An important element of the new rules is the ‘grandfathering’, which allows those in receipt of an ‘income support payment’ (for instance, the age...

In account-based pensions (ABPs) to be ‘deemed’ for the purpose of the Income Test, instead of qualifying for the traditional ‘deductible amount’ approach. Typically (although not always) the new rules will give you a worse result.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles