That reduction would occur if you had a high value of assets and income from deposits.



As millions of Centrelink notifications of the government's pension rise of $29 a fortnight for single pensioners and $44 a fortnight for couples from March 20 are sent out, pensioners are discovering their payments may be cut back by as much as $50 a fortnight because the income from investments and interest on cash deposits are estimated to rise.



[url=http://www.theaustralian.com.au/politics/pension-rise-hit-by-rate-gouge/story-e6frgczf-1225840233497]Full story here[/url]

Thanks for that link fwed--the way it came over the news on the radio it didn't explain it fully and I did look at various sites but never found that--thanks again