{
  "api_version": "2.0",
  "url": "https://retirementwealth.com.au/api/v2/figures/assets_test_cutoff_single_non_homeowner.json",
  "schema": "https://retirementwealth.com.au/api/v2/schema/api.json#/$defs/figure_file",
  "docs": "https://retirementwealth.com.au/data/",
  "publisher": "retirementwealth.com.au",
  "scope": "Retirement Wealth provides selected factual information about Australian retirement rules and rates. It does not provide personal or general financial product advice or recommend financial products. Summaries may not cover every condition or exception. Check the linked official sources and obtain advice appropriate to your circumstances before making financial decisions.",
  "figure": {
    "id": "assets_test_cutoff_single_non_homeowner",
    "former_ids": [],
    "label": "Assets test: part pension cut-off, single non-homeowner",
    "category": "age_pension",
    "category_label": "Age Pension",
    "concept": "age_pension.assets_test.cut_off",
    "kind": "threshold",
    "dimensions": {
      "household": "single",
      "homeowner": false
    },
    "value": 1012750,
    "display_value": "$1,012,750",
    "unit": {
      "code": "AUD",
      "plain": "Australian dollars",
      "quantity": "money",
      "currency": "AUD",
      "per": null,
      "per_amount": null,
      "ratio_divisor": null
    },
    "ratio": null,
    "effective_from": "2026-09-20",
    "effective_from_basis": "value",
    "validity": {
      "from": "2026-09-20",
      "to": null,
      "basis": "value",
      "status": "in_force"
    },
    "applies_by": null,
    "resets": "20_march_1_july_20_september",
    "review_dates": [
      "03-20",
      "07-01",
      "09-20"
    ],
    "source": {
      "title": "Assets test for Age Pension",
      "publisher": "Services Australia",
      "url": "https://www.servicesaustralia.gov.au/assets-test-for-age-pension",
      "type": "primary"
    },
    "verification": {
      "status": "verified_primary",
      "checked_on": "2026-10-11"
    },
    "notes": "Services Australia says these cut-off points are reviewed in March, July and September each year. The cut-off point is higher where Rent Assistance is paid with the pension.",
    "conditions": [],
    "exceptions": [
      {
        "text": "The cut-off point is higher where Rent Assistance is paid with the pension.",
        "modelled": false
      }
    ],
    "caveats": [],
    "legal_basis": [],
    "derivation": {
      "expression": {
        "round_up_to": [
          {
            "+": [
              {
                "var": "full_pension_threshold"
              },
              {
                "*": [
                  {
                    "/": [
                      {
                        "var": "max_rate"
                      },
                      {
                        "var": "taper"
                      }
                    ]
                  },
                  1000
                ]
              }
            ]
          },
          250
        ]
      },
      "inputs": {
        "full_pension_threshold": "assets_test_full_pension_single_non_homeowner",
        "max_rate": "age_pension_max_single",
        "taper": "assets_test_taper"
      },
      "basis": "stated",
      "valid_from": "2017-01-01",
      "description": "The full pension threshold plus the assets above it at which the taper reduces the maximum rate to nil, rounded up to a multiple of $250.",
      "source": {
        "title": "Social Security Guide, 4.2.3 Pensions & benefits assets tests",
        "publisher": "Department of Social Services",
        "url": "https://guides.dss.gov.au/social-security-guide/4/2/3",
        "type": "primary"
      }
    },
    "related": {
      "same_concept": [
        "assets_test_cutoff_single_homeowner",
        "assets_test_cutoff_couple_combined_homeowner",
        "assets_test_cutoff_couple_combined_non_homeowner"
      ],
      "inputs": [
        "assets_test_full_pension_single_non_homeowner",
        "age_pension_max_single",
        "assets_test_taper"
      ],
      "used_by": []
    },
    "upcoming": [],
    "first_published": {
      "release": 3,
      "recorded_at": "2026-10-11T08:24:25Z"
    },
    "last_changed": {
      "release": 12,
      "recorded_at": "2026-10-13T08:24:56Z"
    },
    "cite_as": "Assets test: part pension cut-off, single non-homeowner: $1,012,750, applies from 20 September 2026. Official source: Services Australia, Assets test for Age Pension (last checked 11 October 2026). Retirement Wealth, https://retirementwealth.com.au/rules/age-pension/assets-test-cutoff-single-non-homeowner/",
    "links": {
      "self": "https://retirementwealth.com.au/api/v2/figures/assets_test_cutoff_single_non_homeowner.json",
      "page": "https://retirementwealth.com.au/rules/age-pension/assets-test-cutoff-single-non-homeowner/",
      "current_value": "https://retirementwealth.com.au/api/v2/figures/assets_test_cutoff_single_non_homeowner/2026-09-20.json"
    },
    "timeline": [
      {
        "value": 1012750,
        "display_value": "$1,012,750",
        "ratio": null,
        "effective_from": "2026-09-20",
        "effective_to": null,
        "basis": "value",
        "status": "in_force",
        "source": {
          "title": "Assets test for Age Pension",
          "publisher": "Services Australia",
          "url": "https://www.servicesaustralia.gov.au/assets-test-for-age-pension",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-11"
        },
        "notes": null,
        "url": "https://retirementwealth.com.au/api/v2/figures/assets_test_cutoff_single_non_homeowner/2026-09-20.json"
      },
      {
        "value": 1000500,
        "display_value": "$1,000,500",
        "ratio": null,
        "effective_from": "2026-07-01",
        "effective_to": "2026-09-19",
        "basis": "value",
        "status": "superseded",
        "source": {
          "title": "Social Security Payment Parameters: 1 July 2026 indexation",
          "publisher": "Department of Social Services",
          "url": "https://www.dss.gov.au/system/files/documents/2026-05/rates-list-1-july-2026.pdf",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-11"
        },
        "notes": null,
        "url": "https://retirementwealth.com.au/api/v2/figures/assets_test_cutoff_single_non_homeowner/2026-07-01.json"
      },
      {
        "value": 980000,
        "display_value": "$980,000",
        "ratio": null,
        "effective_from": null,
        "effective_to": "2026-06-30",
        "basis": "value",
        "status": "superseded",
        "source": {
          "title": "Social Security Payment Parameters: 1 July 2026 indexation",
          "publisher": "Department of Social Services",
          "url": "https://www.dss.gov.au/system/files/documents/2026-05/rates-list-1-july-2026.pdf",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-11"
        },
        "notes": "Listed as the previous amount. The source does not state when it started.",
        "url": null
      }
    ]
  }
}