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Part 2: A case study (Weighting: 10%) Mrs and Mr Brown, both aged 68, supply the following information in relation to determining their eligibility for

Part 2: A case study (Weighting: 10%) Mrs and Mr Brown, both aged 68, supply the following information in relation to determining their eligibility for the Age Pension. Assets Value Family home $550,000.00 Cars $40,000.00 Home contents $60,000.00 Shares in Rio Tinto $10,000.00 Cash $20,000.00 Term deposit $50,000.00 Managed investments $100,000.00 Rental property (net) $380,000.00 Net annual income Dividends $800.00 Interest $3,000.00 Managed investments distribution $7,000.00 Rental income $15,000.00 REQUIRED: (a) Assess and calculate the Age Pension entitlement for the Brown couple under the Assets and the income tests, including Pension Supplement and Energy Supplement. (b) Under which test would the Brown couple be eligible to receive a Centerlink Age Pension? Explain why. (c) Discuss three main retirement issues that the Brown couple needs to consider. (7 + 1 + 2 = 10 marks) (10 marks)

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