Let's talk about the family home ... and its exemption from the pension means test
- Written by Rachel Ong, Deputy Director, Bankwest Curtin Economics Centre, Curtin University
Older Australians choosing to downsize or access their home equity face tax penalties.Image sourced from shutterstock.comLate last year a Productivity Commission report found including the family home in the means test for the age pension could deliver the government A$6 billion in much-needed revenue.
Despite this, in the lead-up to the federal...
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