Means Test Assessment of Asset-tested Income Streams - Lifetime
The following explains how asset-tested lifetime income streams are assessed under the income test and the assets test, and explains the additional rules pertaining to high surrender values or death benefits.
Note: grandfathering provisions are applied to lifetime income streams purchased before 1 July 2019, which are assessed as asset-tested income streams (long term) and could be asset-test exempt if purchased before 20 September 2007.