Funeral bonds and prepaid funerals
Funeral costs you pay for in advance normally don’t count in your assets test for payments from us. There are some exceptions.
- Asset types
- Granny flat interest
How we assess granny flat interests
You need to tell us the value of the granny flat interest so we can assess if this affects your payments.
Private trusts and companies
If you’re part of a private trust or company, we need to know your share of the income and assets.
Mutual obligation requirements
Mutual obligation requirements are tasks and activities you agree to do while you get some payments from us. Penalties may apply if you don’t meet them.
- Employment income reporting
- If you’re employed
When to report your income to Centrelink
If you’re getting an income support payment, we’ll tell you when you need to report any other income you get.
- What FIS information you can watch online
- Income and assets
FIS selling the family home video
Watch this video to learn more about how selling the family home can affect your payment.
Gifting
If you give away your income or assets, they may still count towards your income and assets tests. This also applies if you sell them for less than they’re worth.
- Death of a loved one
- Most useful information
Executor/Administrator Request for information form (SS524)
Use this form to request information from us regarding a deceased person.
- How to manage your payment
- Mutual obligation requirements
Mutual obligation requirements if you’re 55 or older
Find out about your mutual obligation requirements if you’re 55 and over.
- Assets test
- Asset types
Superannuation
Superannuation is a long term savings structure to help fund your retirement.