The assets test is one factor taken into account to work out if you can get the Age Pension and how much you might get. Your assets include property or possessions you own or have interest in, including any assets held outside Australia. The assets test doesn't usually include the home you live in, which is considered your primary place of residence.
See a full list of assets included in the assets test.
Different limits apply depending on:
- If you’re single, a couple or a couple not living together due to illness or infirmity
- If you’re a homeowner or not
Your Age Pension amount starts reducing by $3.00 for every $1,000 your assets exceed the lower limit.
Homeowners (own or paying off)
|
If the value of your assets is lower than
|
If the value of your assets is more than
|
Single
|
$321,500
|
$714,500
|
Couple – combined assets
|
$481,500
|
$1,074,000
|
Couple, separated due to illness – combined assets
|
$481,500
|
$1,267,500
|
|
Full Age Pension payable
|
No Age Pension payable
|
Non-homeowner (renting or living in rent-free accommodation)
|
If the value of your assets is lower than
|
If the value of your assets is more than
|
Single
|
$579,500
|
$972,500
|
Couple – combined assets
|
$739,500
|
$1,332,000
|
Couple, separated due to illness – combined assets
|
$739,500
|
$1,525,500
|
|
Full Age Pension payable
|
No Age Pension payable
|
Amounts as at 20 September 2025.
Learn more about the assets test at Services Australia.