Your clients may benefit from the means test changes to lifetime income streams
The assets and income test of lifetime income streams has changed. The new rules are designed to support the use of certain lifetime income streams which feature payments for life, regardless of how long a person may live, and reducing access to capital over life expectancy.
These new rules can provide what can be attractive means testing outcomes for your pre and post retiree clients and could change their Age Pension and retirement income outcomes.
To understand how these rules may impact your clients please refer to the resources below.
Overview of the new means test rules
This FAQ provides a high-level overview of the new income and assets tests of lifetime income streams commenced on or after 1 July 2019.
Advice opportunities for lifetime income streams
This article discusses in detail the significant opportunities the new means test rules present for retirement income advice on or after 1 July 2019.
Watch the webinar
Watch on-demand Andrew Lowe, Head of Challenger Tech discuss the new means test changes and advice opportunities for retiree clients.