It is easy to see why people have been calling for the inclusion of the family home in the pension assets test. Why should someone who lives in a $2 million home receive the full pension? Changes to the age pension asset test taper are designed to reduce the entitlement of many part-pensioners, but they will also hit ‘downsizers’ and people moving into aged care, and the family home exemption has a major impact.
‘Cuffelinks’ – Connecting Investors with Ideas – by on July 16, 2015
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