![]() Learn more about how your super affects the Age Pension. If a member of a couple has not yet reached Age Pension age, then his or her superannuation benefits are not counted for Age Pension eligibility UNLESS he or she has started receiving superannuation pension payments. If only one partner is eligible to apply for the Age Pension, all jointly owned assets, financial investments and income and assets should be included, although special rules apply to superannuation. Where only one member of a couple has reached Age Pension age, Centrelink will treat the application based on the assets and income of the couple combined, and pay the eligible Age Pensioner half of the couple’s rate. What if only one member of a couple is eligible? Loans and debentures by you (that is, money owed to you).Assets held in superannuation and rollover funds.Bank, building society and credit union accounts. ![]() ![]() The value of the investment property should be minus the value of the mortgage. It is worth noting that an investment property is not counted as a financial investment, so it is not assumed that it achieves an income at the deeming rate, but you should include any income from investment properties in the Other income section. You can learn more about the current deeming rates and thresholds here. This is because they assume that financial investments achieve a certain rate of return. Learn more about what assets count for the Age Pension assets test.Ĭentrelink also distinguishes between your non-financial assets and your financial investments. When you apply for an Age Pension, Centrelink takes into account the value of nearly all the assets you own. There are, however, some assets that are exempt from the Age Pension assets test – the most significant being your principal place of residence. ![]()
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