Actuaries call to include family homes above $2.1m in pension test
Michelle BowesWealth reporter
The government should consider including the value of family homes above $2.1 million in the age pension asset test to encourage retirees to downsize, according to the Actuaries Institute.
In a discussion paper released today, the institute advocates a series of reforms that government could adopt, which would help to release some of the estimated $1.3 trillion that Australian retirees hold in housing equity.
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