March 15, 2022 
Changes to income and asset thresholds will take effect from 20 March 2022.
Below are the new limits that will apply to you:
Centrelink income test limits for Age Pensions from 20 March 2022
| Situation | For full pension/allowance (per fortnight) | For part pension(pf) From 20 March 2022 |
| Single | up to $180 | less than $2155.20 |
| Couple (combined) | up to $320 | less than $3297.60 |
| Illness separated (couple combined) | up to $320 | less than $4270.40 |
Centrelink asset test limits for full Age Pensions from 20 March 2022
| Situation | Homeowners | Non-homeowners |
| Single | $270,500 | $487,000 |
| Couple (combined) | $405,000 | $621,500 |
| Illness separated (couple combined) | $405,000 | $621,500 |
Centrelink asset test limits for part Age Pensions – effective from 20 March 2022
| Situation | Homeowners | Non-homeowners |
| Single | $599,750 | $816,250 |
| Couple (combined) | $901,500 | $1,118,000 |
| Illness separated (couple combined) | $1,063,500 | $1,280,000 |
Centrelink income test limits for transitional part Age Pensions from 20 March 2022
| Situation | |
| Single | less than $2240.00 |
| Couple (combined) | less than $3643.50 |
| Illness separated (couple combined) | less than $4440.00 |
Centrelink asset test limits for transitional part Age Pensions – effective from 20 March 2022
| Situation | Homeowners | Non-homeowners |
| Single | $545,250 | $761,750 |
| Couple (combined) | $848,500 | $1,065,000 |
| Illness separated (couple combined) | $954,500 | $1,171,000 |
Centrelink deeming thresholds from 15 March 2022
| Family Situation | Assets Threshold | Deeming rate | |
| Single | $0 – $53,600 | 0.25% | |
| Above $53,600 | 2.25% | ||
| Pensioner Couple – combined (2) | $0 – $89,000 | 0.25% | |
| Above $89,000 | 2.25% |
Will these changes make a difference to your retirement?
