Shedding light on changes to Commonwealth preservation age
On 1 July 2015, changes to Commonwealth preservation age took effect for members born on or after 1 July 1960. If this is you, these changes have important implications that you should consider before accessing your super, especially if you are also a Gold State Super member. We shed some light on these changes and what they may mean for GESB members.
We take a look at the new Age Pension rules in the 2015/16 Commonwealth budget, as well as changes to WA seniors' benefits that took effect on 1 July. Ensure you are up to date with these changes and take steps now to help minimise the impact on your retirement income.