The reinstatement of Pension Concession Cards (PCC) was welcome news to those who lost them in January after the asset threshold rebalance. However, it did raise the question as to whether those who lost their PCC after this date would also have them reinstated.
Research shows that even under a mature superannuation system decades from now, most Australians still won't have saved enough to meet their aged-care costs and will have retirement income well below the level needed for a comfortable standard of living.
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