Full pension limits
| Homeowner | Non-homeowner | |
|---|---|---|
| Single | $333,000 | $600,000 |
| Couple, combined | $499,000 | $766,000 |
Part pension cut-offs (from 20 September 2026)
| Homeowner | Non-homeowner | |
|---|---|---|
| Single | $745,750 | $1,012,750 |
| Couple, combined | $1,121,000 | $1,388,000 |
Between the two, the pension reduces by $3 a fortnight for every $1,000 of assets over the full pension limit (75 cents per $250).
What counts
Almost everything except your home: super in pension phase or once you reach Age Pension age, bank accounts, shares, investment property, cars, caravans, boats and household contents (at what they would sell for, not replacement value). You also need to pass the income test, which uses deeming rates; you are paid under whichever test gives the lower rate.
Ways people legitimately improve their position
- Valuing contents and cars realistically.
- Spending on the home or normal living costs (not a gift).
- Understanding gifting limits before helping family.
- Considering a downsizer decision with the Age Pension in mind.
Run your numbers with the Age Pension calculator.
Quick answers
What is the assets limit for a full Age Pension?
$333,000 for a single homeowner and $499,000 for a homeowner couple combined; $600,000 and $766,000 for non-homeowners.
At what assets level does the part Age Pension stop?
From 20 September 2026: $745,750 for a single homeowner and $1,121,000 for a homeowner couple combined.
Is my home counted?
No. Your principal home is not counted, but homeowners have lower limits.
Related reading: Commonwealth Seniors Health Card · Home Equity Access Scheme
Sources
General advice warning. This article is general information only and does not take into account your objectives, financial situation or needs. Rules, rates and thresholds change; check the sources above. Consider the relevant PDS and our Financial Services Guide and seek personal advice before acting. FinForce is a Corporate Authorised Representative (No. 001241242) of Financial Force Pty Ltd, ABN 42 091 425 464, AFSL 238337.