June 23, 2017 
Annual indexation of income and asset thresholds will take effect from 1 July 2017.
Below are the new limits that will apply:
Centrelink income test limits for Age Pensions from 1 July 2017
| Situation | For full pension/allowance (per fortnight) | For part pension(pf) From 20 March 2017 |
| Single | up to $168 | less than $1944.60 |
| Couple (combined) | up to $300 | less than $2978.40 |
| Illness separated (couple combined) | up to $300 | less than $3853.20 |
Centrelink asset test limits for full Age Pensions from 1 July 2017
|
Situation |
Homeowners |
Non-homeowners |
|
Single |
$253,750 |
$456,750 |
|
Couple (combined) |
$380,500 |
$583,500 |
|
Illness separated (couple combined) |
$380,500 |
$583,500 |
|
One partner eligible (combined assets) |
$380,500 |
$583,500 |
Centrelink asset test limits for part Age Pensions – effective from 1 July 2017
|
Situation |
Homeowners |
Non-homeowners |
|
Single |
$550,000 |
$753,000 |
|
Couple (combined) |
$827,000 |
$1,030,000 |
|
Illness separated (couple combined) |
$973,000 |
$1,176,000 |
|
One partner eligible (combined assets) |
$827,000 |
$1,030,000 |
Centrelink income test limits for transitional part Age Pensions from 1 July 2017
|
Situation |
|
|
Single |
less than $2,038.00 |
|
Couple (combined) |
less than $3,317.00 |
|
Illness separated (couple combined) |
less than $4,040.00 |
Centrelink asset test limits for transitional part Age Pensions – effective from 1 July 2017
|
Situation |
Homeowners |
Non-homeowners |
|
Single |
$503,250 |
$706,250 |
|
Couple (combined) |
$783,000 |
$986,000 |
|
Illness separated (couple combined) |
$879,500 |
$1,082,500 |
|
One partner eligible (combined assets) |
$783,000 |
$986,000 |
Centrelink deeming thresholds from 1 July 2017
|
Family Situation |
Assets Threshold |
Rate of Deemed Income |
|
Single |
$0 – $50,200 |
1.75% |
|
Above $50,200 |
3.25% |
|
|
Allowee Couple – per person (1) |
$0 – $41,700 |
1.75% |
|
Above $41,700 |
3.25% |
|
|
Pensioner Couple – combined (2) |
$0 – $83,400 |
1.75% |
|
Above $83,400 |
3.25% |
