Assets test: part pension cut-off, couple separated by illness, homeowner (combined)

Value

$1,324,500

Unit

Australian dollars

Applies from

20 September 2026

Reset cycle

The official figure is reviewed on 20 March, 1 July and 20 September each year.

Official source

Department of Social Services: Social Security Payment Parameters: 20 September 2026 indexation

Last verified

17 October 2026, against the official source.

About this figure

The combined assets of both partners, for a couple living apart because of illness. Listed in the Department of Social Services rates list for 20 September 2026 indexation. The Department of Social Services reviews the cut-off points in March, July and September each year. The cut-off point is higher where Rent Assistance is paid with the pension.

Related figures

How it is worked out

The combined full pension threshold plus two times the assets above it at which the taper reduces one partner's maximum rate (the single rate) to nil, each partner's share rounded up to a multiple of $250. This matches the published values; the doubling of the rounded share is not taken from an official source. The calculation is set out in Department of Social Services: Social Security Guide, 4.2.3 Pensions & benefits assets tests.

• Assets test: full pension threshold, couple homeowner (combined) $499,000
• Age Pension maximum rate, single (incl. supplements) $1,237.70 a fortnight
• Assets test taper rate $3 a fortnight per $1,000

Other versions on this site

• Assets test: part pension cut-off, single homeowner $745,750
• Assets test: part pension cut-off, couple homeowner (combined) $1,121,000
• Assets test: part pension cut-off, single non-homeowner $1,012,750
• Assets test: part pension cut-off, couple non-homeowner (combined) $1,388,000
• Assets test: part pension cut-off, couple separated by illness, non-homeowner (combined) $1,591,500

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