March 11, 2020 
Changes to income and asset thresholds will take effect from 20 March 2020.
Below are the new limits that will apply to you:
Centrelink income test limits for Age Pensions from 20 March 2020
| Situation | For full pension/allowance (per fortnight) | For part pension(pf) From 20 March 2020 |
| Single | up to $174 | less than $2062.60 |
| Couple (combined) | up to $308 |
less than $3155.20 |
| Illness separated (couple combined) | up to $308 | less than $4085.20 |
Centrelink asset test limits for full Age Pensions from 20 March 2020
| Situation | Homeowners | Non-homeowners |
| Single | $263,250 | $473,750 |
| Couple (combined) | $394,500 | $605,000 |
| Illness separated (couple combined) | $394,500 | $605,000 |
Centrelink asset test limits for part Age Pensions – effective from 20 March 2020
| Situation | Homeowners | Non-homeowners |
| Single | $578,250 | $788,750 |
| Couple (combined) | $869,500 | $1,080,000 |
| Illness separated (couple combined) | $1,024,500 | $1,235,000 |
Centrelink income test limits for transitional part Age Pensions from 20 March 2020
| Situation | |
| Single | less than $2147.25 |
| Couple (combined) | less than $3492.00 |
| Illness separated (couple combined) | less than $4245.50 |
Centrelink asset test limits for transitional part Age Pensions – effective from 20 March 2020
| Situation | Homeowners | Non-homeowners |
| Single | $526,500 | $737,000 |
| Couple (combined) | $819,500 | $1,030,000 |
| Illness separated (couple combined) | $921,000 | $1,131,500 |
Centrelink deeming thresholds from 1 July 2019
| Family Situation | Assets Threshold | Increase | Deeming Rate |
| Single | $0 – $51,800 | $6000 | 1.00% |
| Above $51,800 | 3.00% | ||
| Pensioner Couple – combined (2) | $0 – $86,200 | $1200 | 1.00% |
| Above $86,200 | 3.00% |
Will these changes make a difference to your retirement?
YourLifeChoices Writers
Ellie Baxter
YourLifeChoices
Ben Hocking
