The federal government should revaluate taper rates and asset testing for the age pension, with the current taper rate presenting a potential trap for retirees who draw down on retirement savings slowly, says the Actuaries Institute.
With the government set to respond to the Retirement Income Review at some point over the next few months, the Actuaries Institute said the government should review the way taper rates and the asset test impact spending and access to the age pension.
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