Millionaire's Pension- The aged pension is on the rise.

As of next week, a retired couple who are the owners of their primary residence and have $1M in other assets will now be eligible to receive a part-pension. The asset threshold will be raised by Centrelink for home-owning couples by $20,000, to $1.018M, allowing millionaires to be eligible for the aged pension.

The income threshold for the aged pension will also rise to more than $2,500 a fortnight. From Tuesday, the full fortnightly rate for an age pension will be $1,129 a couple and $748.80 a single.

To read the full article in the Courier Mail click on: Millionaire's to Receive Pension

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