Original article by Judith Sloan
The Australian – Page: 12 : 19-Nov-19
No government for the foreseeable future is going to contemplate including a family home in the age pension assets test. For one thing, only about seven per cent of the nation’s two million age pensioners would be affected if homes valued at more than $1.5m were to be subject to the assets test. This would mainly affected pensioners in Sydney and Melbourne. Meanwhile, home equity release products are worth considering in relation to retirement incomes policy, although existing products of this nature are undesirable, including the federal government’s own Pension Loan Scheme.