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Geoff and Hillery are age pensioners and have the following assets: Home $600,000 Contents $50,000 Car $15,000 Investment Property net rental income of $10,000 $420,000
Geoff and Hillery are age pensioners and have the following assets:
Home | $600,000 |
Contents | $50,000 |
Car | $15,000 |
Investment Property net rental income of $10,000 | $420,000 |
Shares dividend yield of 4% | $100,000 |
Bank account interest rate 2% | $10,000 |
Superannuation return of 6% | $200,000 |
Term deposit interest rate of 4% | $50,000 |
Calculate their entitlement for age pension. Use the most current tables and thresholds for the current taxation year.
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