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In what is becoming increasingly common, The AFR yesterday ran an article lamenting how Australia’s so-called “self-funded retirees” will be harshly dealt with by the Government’s tightening of the assets test for the part aged pension:
Brian and his wife Sandra have no idea how they are going to cope when changes to the age pension asset eligibility test kick in, prompting a drop in their retirement income from approximately $40,000 to $25,000 a year.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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