The value of the assets you own affects if you can get Age Pension, and how much you can get.
How the assets test works
There are limits to how much your assets can be worth before they affect your pension amount.
Refer to the assets test limits to see how much your assets can be worth before they reduce your Age Pension.
When asset hardship provisions apply
Asset hardship provisions could apply if you’re in severe financial hardship and you either:
- can’t get a payment from us because your assets are over the asset test limit
- have had your payment reduced under the assets test.
Page last updated: 22 May 2020
This information was printed 27 October 2020 from https://www.servicesaustralia.gov.au/individuals/services/centrelink/age-pension/how-much-you-can-get/assets-test. It may not include all of the relevant information on this topic. Please consider any relevant site notices at https://www.servicesaustralia.gov.au/individuals/site-notices when using this material.