Income and assets test
We use income and assets tests to check if you can get Special Benefit. We also use these to work out how much you can get.
To assess if you can get Special Benefit we’ll look at all income you get. If you’re partnered, we’ll also look at your partner’s income.
For every $1 of gross income you get, the amount of Special Benefit you can get reduces by $1. We’ll also look at any other support you get, including:
- other goods and services.
If your income and other support is equal to, or more than the maximum rate of Special Benefit you can’t get the payment.
To assess if you can get Special Benefit we’ll look at all the assets you have. If you’re partnered, we’ll also look at your partner’s assets.
An asset is any property or item you or your partner own in full or part. It includes any assets you have outside Australia and any debts owing to you.
What limited savings means
You and your partner must have no more than $5,000 in combined available funds. This includes any liquid assets you can sell.
Liquid assets include cash you have on hand, money you have in the bank and financial investments you have. They also include gifts and other money available to you at short notice.
Page last updated: 1 September 2020
This information was printed 28 November 2020 from https://www.servicesaustralia.gov.au/individuals/services/centrelink/special-benefit/who-can-get-it/income-and-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.