Asset types

Property or items you or your partner own in full or part, or have an interest in are assets. They can affect your payment.

We look at the type and value of any assets you and/or your partner own in and outside of Australia.

The value of your assets is what you'd get if you sold them at market value. We'll deduct any debt you owe that your asset is security for, from its market value. We may also deduct an unsecured loan from the value of an asset if you borrowed the loan specifically to purchase the asset.

When you claim a payment, we’ll ask about the assets you have and their value. We may also ask you to provide updated information about your assets to ensure you are getting the correct rate of payment.

Assets include things like:

  • financial investments
  • home contents, personal effects, vehicles and other assets
  • real estate annuities, income streams and superannuation pensions
  • sole traders, partnerships, private trusts and private companies.

Financial investments

Tell us about any financial investments you and your partner own or partially own in and outside Australia. Financial investments include:

  • bank, building society and credit union accounts
  • cash on hand
  • deeming accounts
  • term deposit accounts
  • uncleared cheques
  • managed investments, including margin loans
  • shares and securities
  • superannuation investments if you are over age pension age
  • annuities and income streams
  • money loaned
  • money held in solicitor trust accounts
  • bonds and debentures
  • gold, silver or platinum bullion
  • gifting.

Read more about financial investments and what’s included in the test.

Home contents, personal effects, vehicles and other assets

Personal assets include:

  • home contents such as furniture and appliances
  • personal effects such as jewellery and laptops
  • motor vehicles
  • boats and caravans
  • licences such as fishing and taxi
  • surrender value of life insurance policies
  • collections for trading, investment or hobby purposes
  • livestock (off farms).

Managed investments and superannuation

We assess:

  • managed investments
  • investment and unit trusts
  • life insurance and friendly society bonds
  • property development funds
  • self-managed super funds
  • funeral bonds
  • superannuation if you’re over Age Pension age or you receive payment from it.

Read more about investments.

Real estate

We include most real estate assets you own in your assets test. But not your principal home and up to the first 2 hectares of land it’s on.

We include real estate you:

  • rent out
  • leave vacant for any amount of time (i.e. a holiday home)
  • let someone else live in for free.

We assess your home differently if you own and live on a farm. Read more about how we assess rural customers and primary producers.

We may also assess your principal home as a granny flat interest. We'll do this if you transfer assets or money to live in a property that someone else owns.

If you live in a retirement village, we’ll need to know how much you paid as your entry contribution. We use this amount to work out both:

  • whether we class you as a homeowner
  • if we'll include it in your assets test.

Annuities, income streams and superannuation pensions

An income stream is a regular series of payments either:

  • made straight from accumulated super contributions
  • purchased using superannuation or other money.

There are 2 main types of income streams:

  • annuities, these are bought from life companies
  • superannuation pensions, these are paid or bought from a super fund.


We include any shares you own both in Australian and overseas in:

  • public listed and unlisted companies
  • private companies.

Read about deeming rules for shares and other financial investments that may affect your payment.


You or your partner can give away money, assets or income at any time. Depending on the amount, gifting of income or assets can affect your payment.

Sole trader, partnerships, private trusts and private companies

If you're involved in a business structure as a partner or sole trader, some assets will count as yours. We'll work out what income and assets are yours.

If you're a controller of a private trust or private company, some assets and income will count as yours. We base this on your level of control. We'll assess the assets and income generated by the private trust or private company to work out how much will count.

Special Disability Trusts

If you're a beneficiary or have donated to a Special Disability Trust, we need to know to apply any concessions.

Page last updated: 22 December 2020