Save your Seniors Health Card before the New Year

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If you’d like to stay eligible for the Commonwealth Seniors Health Card (CSHC), you need to be across a major change to the income test that commences on January 1, 2015 to include your untaxed superannuation income.

What you need to know

From January 1, the CSHC income test will be expanded to include ‘deemed’ income on any non-grandfathered account-based pension.

The good news is that if you commence an account-based pension before January 2015, your account will be grandfathered into the New Year, and you will remain exempt from the new CSHC income test.

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