Account Based Pensions assessment rules change

When do the new rules apply? From 1 January 2015, new account based income streams (Account Based Pensions, or 'ABPs') – which allow retirees to receive an income from their superannuation savings – have been treated differently by Centrelink to the way they were treated prior to that date. The change has been made so that Account Based Pensions would be assessed in the same way as other financial investments [...]