“People need to be mindful, when changing their pension accounts, of the impact that has on their Centrelink [payments],” Ms Sanderson said.

“So if they wanted to make a pension reversionary when it’s not at the moment, and they are receiving Centrelink benefits, then the terms in the changes and conditions of that pension may well impact those Centrelink benefits.”

Ms Sanderson said it isn’t just Centrelink payments that can be affected, but the Commonwealth Seniors Healthcare Card as well.

“The transfer balance cap becomes an issue when one member passes away when the combined balance in superannuation is more than $1.6 million,” she said.

Ms Sanderson observed that someone receiving aged pension benefits obviously would not have that level of assets, but could still be affected in other ways.

“The provisions changed on 1 January 2015 about how that income test worked. So if someone had an income test prior to then and they were in receipt of a Commonwealth Seniors Health Card, the income they received from their superannuation pensions didn’t count towards that income test. For any new pensions or new applications for the healthcare card beyond January 2015 though, the income would count towards that income test.”