Assets Test for Pensions or Allowances and Austudy

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Assets Test for Pensions or Allowances and Austudy

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Assets Test for Pensions or Allowances and Austudy

Assets Test for Homeowners

Family Situation	For Full Pension/Allowance*	For Part Pension#
Single**	up to $178,000	less than $626,000
Partnered (combined)	up to $252,500	less than $928,000
Illness separated (couple combined)	up to $252,500	less than $1,148,500
One partner eligible	up to $252,500	less than $928,000

Assets Test for Non-Homeowners

Family Situation	For Full Pension/Allowance*	For Part Pension#
Single**	up to $307,000	less than $755,000
Partnered (combined)	up to $381,500	less than $1,057,000
Illness separated (couple combined)	up to $381,500	less than $1,277,500
One partner eligible	up to $381,500	less than $1,057,000

# Limits will increase if Rent Assistance is paid with your pension.

* Assets over these amounts reduce pension by $1.50 per fortnight for every $1,000 above the amount (single and couple combined)

** For DSP customers, these limits apply if aged over 21 only. For those aged under 21 the same income/assets test applies, but with different limits. See your nearest Centrelink Customer Service Centre for information

Disclaimer: This is not advice. Items herein are general comments only and do not constitute or convey advice per se. The information contained in this article is for guidance only and should not be relied upon without obtaining professional advice having regard to your specific circumstances.
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