Assets test for the aged pension

AGE PENSION ASSETS TEST:

TO QUALIFY FOR THE FULL PENSION:

* Singles who own a home can have other assets totalling $202,000.

* Singles with no own house $348,500.

* Couples who own a home $286,500.

* Couples with no own house $433,000.

TO QUALIFY FOR A PART PENSION:

* Singles who own a home can have other assets totalling $775,500.

* Singles with no own house $922,000.

* Couples who own a home $1.15 million.

* Couples with no own house $1.29 million/

WHAT COUNTS AS AN ASSET:

* All real estate other than the family home, financial investments, superannuation, cars, boats, caravans, household contents, fishing licenses, trading and/or hobby collections

* Pensioners lose $1.50 a fortnight for every $1000 of assets owned above the threshold (halved from $3 a fortnight in 2007)

(Source: Australian Government)