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Article: Planning for benefits: Deemed a winner
- Article from:
- Advances in Breast Cancer
- Article date:
- October 1, 1996
- Author:
CopyrightCopyright Australian Society of CPAs Oct 1996. Provided by ProQuest LLC. (Hide copyright information)
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New rules mean retirees must give even more careful thought to investing for the greatest advantage.
Can a married couple of eligible age and with $400,000 assets (excluding the family home) qualify for a part pension under the Social Security and Veterans Affairs Assets Test? The answer would seem to be no' because pension eligibility cuts out at assets of $368,500 - but it could be a 'yes' if their assets were invested in a certain way.
The benefit of structuring assets, not only to meet a client's financial objectives, but to receive a pension of just a few dollars - or even one dollar - is that the recipients qualify for the pensioner concession card, which delivers discounts on a ...