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.
Hi if get small retirement stream from super to supplement pension is that counted as asset? possibly drop how much pension eligible for
Hi Peter
This may seem a bit confusing, but when determining your Age Pension entitlement your Income Stream is classified as an asset by Centrelink, not income. If you want to have a chat about how your income stream impacts your Age Pension entitlement why not give us a call on 1300 527 727.
How much cash can we have in the bank before it affects our pension.
Hi Cheryl. This will depend on whether you are a single or a couple, home owner or renter and any other assets you have. You can find an overview of the different thresholds here