Would you be prepared to sell your home to fund retirement? 183

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While the family home is untouchable when it comes to calculating pensions for now, the newly formed Committee for Sustainable Retirement Incomes (CSRI) will challenge this at an upcoming summit.

As you know, a retiree’s home is excluded from assets tests for the pension, regardless of the value of the land or buildings on it.

This means someone who owns a valuable house can receive the same pension as someone who has no house at all, and some say this isn’t a fair system.

According to the Australian Financial Review, the CSRI, which is made up of public policy experts will challenge the exemption and the upcoming National Reform Summit.

“The case for full exemption is becoming weaker as home assets and other assets are growing,” says a discussion paper prepared ahead of the summit.

“Some argue that, as the superannuation system matures, there is a strong case to include the value of the home above some threshold.

“The impact on incomes and consumption could be ameliorated by allowing the age pension to continue to be paid and recovered later from the estate.”

Earlier this year, the Centre for Independent Studies released a research paper suggesting the family home be included in the assets test, and encouraging retirees to borrow against their home to receive a retirement income, with the borrowed amount being recouped from the person’s estate.

​Researchers estimated this could give retirees an extra $6000 while slashing ​billions from ​the ​national ​pension bill.

While the CSRI will recommend the change be phased in over a period of time, it has us wondering  whether this means the “untouchable” family home could one day soon be quite reachable.

Let’s talk: Do you think making the family home part of the assets test would make retirement more equitable in Australia? Would you be prepared to sell your family home to fund your retirement?



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  1. Another leftie thought bubble. It won’t go anywhere. Not even Labor would be silly enough to make this a policy.

  2. hmm how long for it to pass down ,, dont buy rent cos they take it off you in the end ,, spend while you can?

  3. Your right it isn’t fair to give pensioners with a valuable house the same pension as a lifetime renter. They should get more for all the scrimping and saving and paying of huge rates and countless more ways the government managed to get money out of us over the years.

    4 REPLY
    • What a stupid thing to say. You are saying that renters have wasted all their money while home owners scrimped and saved. Have you thought that those so called home owners may have had a better paid job then the renters. You are full of wind. Everybody has different difficulties to face during their lives. They may have lost money in the super crash. They may have had to look after elderly parents. They may have gone through a nasty divorce. Who are you to judge. People like you make me so angry

    • I see you are in your usual form Wendy, you never read properly (lifetime renter) before you start your usual trolling. We have never had high end jobs but like most people we made it a priority.

  4. Some ppl have homes worth millions of $. Maybe they could sell their homes n get a smaller one or a townhouse with yard for pets. Easier still build a granny flat let the kids move in to the aim house. Or build up..

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