What the personal assets test is

We use assets tests to help work out if you can get Youth Allowance and how much you’ll get.

If you’re independent, your assets can affect your payment. There are different assets limits depending on your situation. When you claim, you need to tell us the current market value of both:

  • your assets
  • your partner’s assets, if you have one.

Find out more about the different asset types you need to report.

If your assets stop you from getting a payment, you may still be able to get some help. If you’re in severe financial hardship, you may be able to apply under the asset hardship provisions.

Page last updated: 12 May 2022.
QC 55718