Determine what fortnightly amount she could receive

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Question - Your client, Ethel is a single woman aged 68 years who owns her own home. She has no debts and has the following income and assets:

$250,000 Balanced superannuation fund with aware super

$400,000 Two bedroom apartment in Dubbo, NSW (Primary residence)

$300,000 One-bedroom apartment in Orange, NSW

$20,000 p.a. Rental of Orange apartment (net of costs)

$5,000 p.a. consulting income from decorating work

Assess Ethel's eligibility for the aged pension at 1 July 2020 and determine what fortnightly amount she could receive. Show all working.

Reference no: EM133019598

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