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Assets test for Age Pension - Age Pension - Services Australia From 1 July 2025, transitional rate pensions cancel when your assets are over your cut off point If you’re a member of a couple, the limit is for both your and your partner’s assets combined, not each of you If you get Rent Assistance with your pension, your cut off point is higher
Assets test explained: What counts and what doesn’t? For every $1,000 you have over the full Age Pension limit, your fortnightly Age Pension is reduced by $3 For example, a single homeowner with $350,000 in assessable assets is $36,000 over the threshold
Age Pension assets test (March 2024 update) To receive the full amount of pension, your assets need to be below the following figures If the value of your assets is above these amounts but less than the limit for a part-pension, your pension amount will progressively reduce until you reach the cut-off point Source: Services Australia, July 2023 Source: Services Australia, March 2024
Age Pension assets test: What counts, what doesn’t, and how it affects . . . Assets cut-off for a part Age Pension: You can still get a part pension if your assets are above the full pension limit, but below these maximum amounts Once you exceed these cut-off values, you are not eligible for any Age Pension under the assets test
What You Need to Know about Centrelink Benefits Cut-Off Limits Each test has cut-off limits and different limits apply to different types of benefits In this Fact Sheet, we focus on JobSeeker Payment and the Age Pension All figures are current as at 20 March 2022
2025 Centrelink Aged Pension Asset and Income Limits Centrelink use different thresholds to assess how much your assets impact the Aged Pension The thresholds which apply are different for singles, couples, and whether you own your own home or not (the actual value of the home is excluded from the below)