Friday, 16 February 2018

Means testing of retirement income streams

In this submission, AIST offers a guarded support for the proposed means test treatment outlined in the Position Paper. Whilst we support the principles underpinning this paper, we do not believe that there has been an appropriate balancing of these principles, and suggest that fiscal sustainability should not drive means testing rules. AIST offers suggestions aimed at improving these measures, and supports the use of grandfathering to protect existing pensioners.