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Social security

What counts towards the assets test?

Section: 9.11

The following chart provides a guide to what counts towards the centrelink assets test for pensioners. Assets are generally assessed at market value.

Financial Investments Assets with special rules Other assets
  Generally taken into account for assets test purposes Generally disregarded for the assets test
  • Short-term asset tested income streams (eg five years or less)
  • Cash
  • Bank, building society and credit union accounts
  • Cheque accounts
  • Term deposits
  • Loans and debentures
  • Government bonds
  • Friendly society bonds
  • Listed shares and unlisted shares in public companies
  • Insurance bonds
  • Managed investments
  • Assets in super held by anyone of pension age
  • Gold, silver and platinum bullion
  • Deprived assets (gifting rules)
  • Account balance of income streams other than short-term asset tested income streams
  • Rental properties
  • Farms
  • Private companies
  • Private trusts
  • Businesses and partnerships
  • Home contents
  • Holiday home
  • Cars
  • Boats
  • Caravans
  • Antiques
  • Stamp collections
  • Jewellery
  • Standard life insurance (ie whole of life and endowment policies)
  • Principal home
  • Assets in super held by anyone under pension age
  • Funeral bonds (up to $12,750 for a single bond)
  • Accommodation bond paid to an aged care facility
  • FHSA
  • Retirement village entry contribution above the extra allowable amount
  • Gifts within allowable limits

Last modified: Friday, January 12, 2018