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Age pension: can we get it if we withdraw from super to buy new home?

A couple want to spend $600,000 of super on the purchase in the hope of qualifying for some government income.

How new super changes will grow your nest egg

Money by Anthony Keane Premium Content   Looming changes to superannuation rules are set to enlarge the nest eggs of millions of Australians, prompting a call for savers to beef-up their knowledge. Extra employer payments and increased limits on contributions begin on July 1, and this month s federal budget is likely to provide even more incentives. There has been talk that the May 11 Budget could remove the $450 per month wage threshold for superannuation to be paid, which would benefit workers with part-time jobs. Online investment adviser Stockspot s CEO, Chris Brycki, said there could be other Budget changes to benefit women. It s important for the government to look at ways to start closing the retirement savings gap between men and women, he said.

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