What deeming changes will mean for your pension

SMSF technical expert and columnist for The Australian newspaper
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In a previous article I mentioned that from January 2015 Centrelink will deem super pensions.

This will replace the existing generous treatment, which sees pensions receive a concession based on the actual income paid, less an amount deemed to be part of the original capital you used to start the pension.

For most people, this approach means they have very little income counted for Centrelink’s income test, unless you elect to take a reasonably higher income than the minimum.

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