Under the means testing rules, 60% of payments from lifetime income streams, including lifetime annuities, are assessed under the income test. For example, where a lifetime income stream pays an annual income of $5,000, only $3,000 will be assessed under the income test.
The numbers are rounded for illustrative purposes and based on rates and thresholds of 20 September 2020. For exact figures please view the Strategy Zones chart. Assumes all assets are financial assets and there is no other income.