Family home won't appear in pension asset test

INCLUDING the family home in the age pension asset test has been ruled out despite new claims about wealthier retirees receiving benefits.

National Centre for Social and Economic Modelling reportedly released findings on Tuesday that retirees aged 65 or over with assets worth $2 million or more were still receiving $500 million in welfare annually.

The researchers found the retirees' biggest asset was their home.

But Social Services Minister Scott Morrison denied all suggestions he was considering proposals to means test homes.


Topics:  pension welfare

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Learn to meal prep like a pro

IN THE KITCHEN: Learn how to prepare nutritional meals for your week.

Find out more on how to meal prep like a pro.

Leaving a legacy for his sons

Find out about another of the great cars from the Emerald Car Club

Pioneer Park on track

Emerald 100 race day, 2017.

The first Emerald races for 2018 are on this weekend.

Local Partners