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Means testing of retirement income streams

Section: 9.2

Retirement income streams are classified into one of three separate categories for means testing purposes:

  • Assets test exempt
  • Asset tested (long-term)
  • Asset tested (short-term)

Income streams are then assessed according to the rules that apply to the relevant category.

All products providing similar features or benefits are treated in a consistent manner, irrespective of the name of the product used (eg 'annuity' or 'pension') or whether it is sourced from super or ordinary money.

Last modified: Tuesday, November 20, 2018