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Picture Book · Age Pension

The assets test

Story pages

A woman in her early seventies with silver curls reading in an armchair beside a sunny window
Meet Doris. She's 70, owns her home and has some savings and super.
A tidy shelf holding a small wooden box
The assets test looks at what she owns, like savings, super, shares, cars and investment property.
A neat Queenslander-style house with a white picket fence and a frangipani tree
Her home isn't counted.
A wooden ruler lying beside a row of building blocks on a table
As a single homeowner, she can have up to $333,000 in assets and still get the full pension (from 20 September 2026).
A gentle slope of a grassy hill running down to a creek
Above that, her pension reduces gradually. It stops once assets pass $745,750.
A woman in her early seventies writing in a notebook at a dining table
Doris lists her assets carefully, including her car and contents at what they'd sell for.

The end

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General advice warning. This picture book is general information only. It does not take into account your objectives, financial situation or needs, and it is not personal advice. Rules and thresholds change. Before acting, consider whether it is right for you, read any relevant Product Disclosure Statement and our Financial Services Guide, and seek personal advice. Past performance is not a reliable indicator of future performance.

Information as at 27 October 2026. Sources:

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Keep exploring: More age pension stories · All picture books · Age Pension what-if planner · Cost-of-living help for homeowners