Actuaries call to include family homes above $2.1m in pension test

The government should consider including the value of family homes above $2.1 million in the age pension asset test to encourage retirees to downsize, according to the Actuaries Institute.

In a discussion paper released today, the institute advocates a series of reforms that government could adopt, which would help to release some of the estimated $1.3 trillion that Australian retirees hold in housing equity.