Your Finances

Pension assets test

On 20 September 2007 the pension assets changed. The changes affect Age Pension, Carer Payment, Disability Support Pension, Bereavement Allowance, Wife Pension and Widow B Pension. They mean that you can have a higher value of assets than before and still qualify for a Centrelink pension.

You may be eligible if the value of your assets is below the new limits. Your income will also need to be below the current limits, as the income test is not changing. Details of these limits are available from the Centrelink website.

For more information visit the Centrelink website, phone Centrelink on 13 23 00 or visit your local Centrelink Customer Service Centre.