As all Pensioners and soon-to-be Pensioners are being made aware, on 1 January 2015 a "divide" is driven into the Testing Rules for Age Pensions, and the term "Grandfathering" is being used to refer to the pre amended Rules, though this is more commonly called "Legacy".
So, predictably [as it IS post 9/11] the Govt and loyal "pension consultants" are using the Rummy "Terror Attack" method of "Unknown Unknowns" with the New Rules as the WMDs. And given Abbott used Howard as his mentor we can't really be all that surprised.
At agepensionsolutions-dot-com [not dot-com-dot-au] we use a fully engineered speadsheet application [called the LOPS, Little Ozzie Pensioner System] to give you the exact solution based on 20 years [or more] for your unique situation.
But so far our assessments for both hypothetical and actual cases say ONCE you do the sums over the FULL period, then Grandfather DIDDLES you of an average $50,000*.
Or simply ask yourself WHY would a "person" like Abbott be using his loyal media to convince you [always based on ONE year only] to STAY on Grandfather Rules?
Are you too being diddled of $50,000*? - please click for a Free Ballpark Assessment
*As you will see from subsequent Posts, this is looking more like an average $100,000 over 20 years loss of Age Pension by STAYING on the Grandfather Rules.
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