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Kaplan SRP Assignment - Income & Asset Tests

Discussion in 'Financial Planning Study Group' started by shawti, 13th Oct, 2012.

  1. shawti

    shawti Member

    Joined:
    7th Dec, 2011
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    Perth, WA
    Can someone please help me to understand how to calculate the Income & Asset Tests? I'm working on Michael's Aged Pension entitlements
    Either the notes don't break it down enough, or I just don't understand it!

    Income Test:
    when it comes to your bank accounts etc, Is it based on, as the title suggests, the INCOME received from them i.e annual interest earned on the CMT of $175,000, rather than the $175,000 itself?
     
    Last edited by a moderator: 13th Oct, 2012