Superannuation
Superannuation is a long term savings structure to help fund your retirement.
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.
Business structures
Your business structure may affect your and your partner’s payments from us.
Financial investments
The value of your financial investments counts in the assets test and income test for payments from us.
Asset hardship provisions
We may stop, reject or reduce your payment because of the assets test. If this is the case, you may be able to apply under the asset hardship provisions.
Rural customers and primary producers
Some rural properties and farms have more than one title or larger blocks than residential properties. The asset test rules are different for these properties.
Income specific to Aboriginal and Torres Strait Islander Australians
If you or your partner earn an income or someone gives you money from any source, you need to let us know.
Income streams
These are regular payments made from your superannuation fund or purchased using either superannuation money or savings.
Higher rates of Youth Allowance when living away from home - students and Australian Apprentices
You may get a higher rate of Youth Allowance if you need to live away from your parents' home. This can be to study, or do your Australian Apprenticeship.
Granny flat interest
A granny flat interest is an agreement for accommodation for life. It can affect your eligibility or rate of payment and we may include it in your assets test.