Hi, it’s Greg from Retirement Essentials, your helping hand when applying for the age pension. Personal assets are the contents of your home, your caravans, cars trailers and the like. Importantly it does not include your family home. Centrelink will assume your household contents are valued at around $10,000 and it’s how much you could sell them for immediately – it is not their insured value. So think about how much you’d get from them if you placed them on Ebay for example. Please leave all questions in the “Comments section.