From www.smsfadviser.com: Adviser Aaron Dunn warns against rushing to commute legacy pensions despite a recent debt waiver related to social security, advising to pause until the relevant legislative instrument is officially passed.

The commutation of these pensions could impact asset test exemptions, potentially leading to a reassessment of social security benefits and imposing debts if not managed properly.

With the government holding powers to backdate debt waivers following the disallowance period, certainty regarding the maintenance of asset test exemptions is crucial.