Age Pension Asset Test

Quick Reference Guide • All Current Thresholds

Homeowners

Single (Full) $327,000

Single (Cut-off) $727,000

Couple (Full) $490,500

Couple (Cut-off) $1,093,500

Non-Homeowners

Single (Full) $590,000

Single (Cut-off) $990,000

Couple (Full) $753,500

Couple (Cut-off) $1,356,500

The Taper Rate Formula

$3 per fortnight per $1,000 = $78 per year per $1,000

For every $1,000 of assets above your threshold, your pension reduces by $78 per year ($3 per fortnight).

Example Calculation: Single Homeowner with $400,000

Assets: $400,000 | Threshold: $327,000 | Over: $73,000
Reduction: $73,000 ÷ $1,000 × $78 = $5,694/year
Annual Pension: $31,178 - $5,694 = $25,484

What Counts as an Asset?

✓ Super (all balances)

✓ Savings & term deposits

✓ Shares & managed funds

✓ Investment properties

✓ Second/third cars

✓ Caravans & boats

✗ Your family home

✗ One car

✗ Household contents

✗ Personal effects

✗ Some funeral bonds

✗ Gifts (within limits)