YOURLifeChoices member Ross would like to know when he should advise Centrelink of a change in the assets he holds.
Could you please advise the current amount above which Centrelink must be notified when there is a change in financial assets, to that previously advised for the Age Pension.
A. Ross, Centrelink should be advised if the assessable assets you hold increase or decrease in value by $2000. The exceptions are listed shares and units in managed investments. You only need to advise a change in the the number of shares or units held. Centrelink will update their value whenever you change the number of shares held, and every March and September. You can also request that they are revalued at any other time.
View the current asset test tables.