Super Balance for Pension Assets Test

I’m trying to find out how a super balance is used in assets test for a pension. We have a combined $275,000 in super not self managed. Is it the balance of the super, or the income the super makes (or both) used to see if you qualify for a pension?

 

Regards

 

A: Thanks for the question.

In regards to the pensioner assets test, it is the balance of your super that counts (ie $275,000).

It will also be assessed against the income test – in which case, a deemed income will be calculated.

 

Attached, link to Govt website which attempts to explain the assets and incomes tests.

https://www.humanservices.gov.au/individuals/services/centrelink/age-pension

 

regards


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