The rebalancing of the assets test | Accurium

Technical article
One of the key messages from the 2015 Federal Budget was the need to rebalance the assets test to help make access to government pensions fairer. To do this, the Government legislated to increase the assets test thresholds and the assets test taper rate from 1 January 2017. The legislation to implement these changes received assent on 30 June 2015.

This article discusses the impact of these changes and highlights the importance of helping clients understand how the changes can affect them and their retirement