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

Disclaimer

This information is provided by Accurium Pty Limited ABN 13 009 492 219 (Accurium). It is factual information only and is not intended to be financial product advice, legal advice or tax advice, and should not be relied upon as such. The information is general in nature and may omit detail that could be significant to your particular circumstances. The information is provided in good faith and derived from sources believed to be accurate and current at the date of publication. While all care has been taken to ensure the information is correct at the time of publishing, superannuation and tax legislation can change from time to time and Accurium is not liable for any loss arising from reliance on this information, including reliance on information that is no longer current. We recommend that you seek appropriate professional advice before making any financial decisions.