If any of your circumstances change that may affect your payment, you need to let us know. When this happens, we’ll reassess to see if we can keep paying you Age Pension.
If we can keep paying you, we’ll tell you what your pension payment will be.
If we can’t keep paying you, we’ll tell you when your payment will stop.
We have information to help you find support after your partner has died.
We’ll reassess your income
We’ll reassess your income as a single person. You can have income of up to $180 per fortnight before we reduce your pension amount. For every dollar over $180, your pension will reduce by 50 cents. This amount could be higher if you have Work Bonus eligible income.
There may be other factors that can affect how your income will affect your pension. You can read about the income test for Age pension.
We’ll reassess your assets
We’ll reassess your assets as a single person. There are limits to how much your assets can be worth before they affect your pension payment. If you’re either a:
- homeowner, your pension will reduce if your assets are more than $270,500
- non-homeowner, your pension will reduce if your assets are more than $487,000.
You can read about assets and the assets test limits.
Asset Hardship provisions
You can apply for Asset Hardship provisions if you’re in severe financial hardship and your assets mean you either:
- don’t get Age Pension
- get a small amount of Age Pension.
You can appeal the decision
You can ask us to review the decision we made to stop your Age Pension. You should do this within 13 weeks from the date we tell you about the decision.