Assets at retirement age with younger parrner

[tasjo]

General question (which I will get clarified) but also thought might be useful to others:

Once one member of a couple reaches retirement age does Centrelink look at all assets under the Age Pension test?

For example, one person reaches 67 and has approx 50% of the asset pool. I understand that at retirement super becomes assessable.

If the other person - younger - has assets in their name (ie super) would it become included once the older person retires or still stay excluded until they reach 67?

[bear]

Hi tasjo.... Off topic but, OAPers with younger partners on Jobseeker doing P/T work get stung really badly to the point of getting nothing if the partner can't reel in the hours to about three five hour shifts per week.

Sorry, can't help with your assets question. Cheers 🐻

[Denis-NFA]

tasjo

If 'the asset' is only superannuation then it might depend on how you can access that super, ie lump sum or defined income stream.

But its above my pay grade, lol, and your right... get advice.

Let us know.

[bear]

Perhaps the situation your researching is in the link tasjo. There are three scenarios and the SMH in this instance wasn't locked.... I trust it remains thus. Cheers 🐻

www.smh.com.au/money/super-and-retirement/can-i-receive-the-age-pension-as-well-as-the-carer-s-pension-20230918-p5e5kv.html