Further change required for assets test threshold & pensions rules
Listen to Daryl Dixon and Ross Greenwood on 2GB Money News, as they discuss in detail the proposed Government superannuation changes to the assets test threshold and the potential impact this could have on your income in retirement.
Although the government is looking to decrease the costs of the age pension, further changes could actually deter people from saving for retirement. As Daryl suggests, new taxes on superannuation for high income earners won’t provide the solutions required.
So, are the changes to the assets test encouraging people to reduce assets and take more risks when entering retirement?