http://cornerstonewealth.com.au http://christiansuper.com.au Gavin Martin, Financial Adviser and the Managing Director of Cornerstone Wealth explains what the income test and how it may affect your entitlement to the age pension. Based on single income: Maximum rate if assessed income is below $160 pf ($4,160 pa) • Rate reduces by 50c for each $1 of income above the free area • No pension paid if income is above $1,868.60 pf ($48,583.60 pa) Based on combined income: • Maximum rate if assessed income is below $284 pf ($7,384 pa) • Each person's rate reduces by 25c for every $1 of income above the free area • No pension paid if income is above $2,860.00 pf ($74,360.00 pa) Disclaimer This presentation has been prepared without taking into account the personal objectives, financial situation or needs of any person. You should consider the appropriateness of the information presented having regard to your own objectives, financial situation and needs and obtain professional financial advice prior to making any decision. Before making any decision about whether to acquire any financial product, you should obtain and consider the information contained in the relevant Product Disclosure Statement. © Cornerstone Wealth 2014. All rights reserved. No part of this presentation may be reproduced in any form without the prior permission of the copyright.