Income Test opportunities | Accurium

Income Test opportunities

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With the rebalanced Assets Test in force, retirees can benefit from a review of their income drawdown strategies and identification of how the new Assets or Income Test ‘zones’ affect them.

Assets-tested clients may need to increase drawdowns from existing income streams to supplement their reduced Age Pension entitlements, or restructure existing income streams to improve entitlements over time.

In some cases, clients may have moved from the Assets Test zone to the Income Test zone where strategies to reduce assessable income can add significant value.

This article focuses on those in the Income Test zone and use a case study to illustrate strategies that may assist them.