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Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Anthony Albanese has left the door open to cutting payments to 900,000 welfare recipients by ending a three-year freeze on the amount of income that can earn before payments are cut. The move could leave a single age pensioner up to $3000 a year worse off if deeming rates were to return from record lows to their long-run alignment with the Reserve Bank of Australia’s official interest rate.
But not extending the freeze would also improve the budget bottomline by billions of dollars in coming years. Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Introducing your Newsfeed Follow the topics, people and companies that matter to you.
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