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Blow off as in go on holidays and spend enough of their assets so that they would qualify for a pension. So are you saying that if I'm retiring soon and my PPOR is worth >$800k it would be exempted when calculating if I qualify for a pension?

Hi everyone, Was looking around the forum and noticed that there hasn't been any discussion about the impact of the new budget on house prices?? I heard that in the recent budget the have lowered the pension level to $800k? If that is the case, a lot people may not qualify for a pension...