Age Pension Asset Test

One of two Centrelink means tests used to determine Age Pension eligibility and payment rate. It assesses the value of your assessable assets - generally excluding your main residence - against set thresholds, with your pension reducing as your asset value rises above them.

The assets test is run alongside the income test. Whichever test produces the lower payment is the one that applies.

For more detail on how Canwi models the assets test in your plan - including what counts as assessable, thresholds, and the taper rate - see Assets Test for Aged Pension in the Canwi Help Center.