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Defined benefit pensions are the grandparents of Australia’s superannuation system. They were available for people who worked for government or large industries like banks. Justin discusses how they work, and how their differ from other retirement income streams. | Services Australia
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Here’s what changing on 20 September! The government has indexed pensions, including Age Pension, Carer Payment and Disability Support Payment. There has also been a change to the deeming rates. See the comments for the links Justin mentions in the video 👇 | Services Australia
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What are pooled lifetime income streams? They’re different from annuities and account-based pensions and may also be partially exempt from the assets test. Watch this video to learn more! | Services Australia
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