Government not considering family home inclusion in pension assets test

Federal Minister for Social Services, Scott Morrison has rejected reports the government will include the family home in the assets test for the aged pension.

Mr Morrison says the idea the government would put the family home in the assets test for the pension is completely wrong, that’s despite reports he had discussed the idea with two seniors groups last month.

His comments come as a report, released today by the National Centre for Social and Economic Modelling, found retirees with assets worth $2 million or more were receiving $500 million in annual welfare benefits.

News Corp has reported today about 260,000 Australian households have a net worth of more than $3 million but are receiving $800 million a year in welfare payments and more than $6 billion a year in benefits such as healthcare and education services.

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