Tag: age pension entitlements


Deeming Rules – bad news for pensioners and self-funded retirees

Deeming Rules – bad news for pensioners and self-funded retirees

  On 4 February 2015 the Reserve Bank of Australia cut the official cash rate to a fresh all time record low of 2.25%. Many economists are factoring another cut to 2% this year. While this all-time low is good news for families with , it is bad news for pensioners and self-funded retirees that rely on interest income from their cash savings. The average...

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