Age pensions and super income streams: Lifting the fog - Part 1

Key Points Under existing rules, account based (super) pensions generously treated The operation of the existing rules explained A strategy to maximise your age pension entitlement   Superannuation income steams (account based pensions) are exempt from income tax and, currently, treated generously when working out your age pension eligibility. Come 1 January 2015, the rules will change for pensions taken after that date. Let’s take a look at how the rules work now (in Part 2 we’ll cover the changes). The current rules Eligibility for the age pension and ‘deemed’ to earn a certain amount of income and different rules...

Superannuation income steams (account based pensions) are exempt from income tax and, currently, treated generously when working out your age pension eligibility.

Come 1 January 2015, the rules will change for pensions taken after that date. Let’s take a look at how the rules work now (in Part 2 we’ll cover the changes).

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