What assets do you own?
Services Australia will use your assets to determine your Age Pension eligibility and payments.
The thresholds in the table below are valid as at 20 September 2024 and are indexed on a regular basis
| If you're | Full Age Pension if your assets are below | No Age Pension if your assets exceed | ||
|---|---|---|---|---|
| Home owner | Non-home owner | Home owner | Non-home owner | |
| Single | $314,000 | $566,000 | $695,500 | $947,500 |
| Couple (combined)1 | $470,000 | $722,000 | $1,045,500 | $1,297,500 |
1Different limits apply for couples separated due to illness
Which type of assets may be taken into account?
The value of these assets may be taken into account once you’ve reached the qualifying age for Age Pension
Real estate you own
apart from your principal residence (if it’s under 2 hectares).
Financial investments
including cash, shares, term deposits and bonds.
Life interests
the right to receive an income or use an asset for the rest of your life.
Granny flat deposit
money or asset you transfer to live in a granny flat for the rest of your life.
Super accounts
owned by you or your partner if/at over pension age
Retirement village deposit
money you pay to live in a retirement village.
Other assets
including motor vehicles and licences; life insurance policies; hobby collections; cryptocurrencies; household and personal items, e.g. computers and jewellery.
Gifts
assets or money given away to your family or friends that exceed either $10,000 in a single financial year or a total of $30,000 over 5 financial years.
Retirement income account
like a Choice Income account.
Business assets
if you’re in a business partnership or you’re a sole trader.