{"id":106122,"date":"2025-08-30T06:34:09","date_gmt":"2025-08-30T06:34:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/106122\/"},"modified":"2025-08-30T06:34:09","modified_gmt":"2025-08-30T06:34:09","slug":"how-much-can-you-have-in-retirement-assets-and-still-get-a-pension-under-new-rules-from-next-month","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/106122\/","title":{"rendered":"How much can you have in retirement assets and still get a pension under new rules from next month?"},"content":{"rendered":"\n

The age pension<\/a> will rise, and the value of assets you can have in retirement<\/a> while still qualifying for the pension will lift from next month. <\/p>\n

The income you can earn while still qualifying for the pension will also rise in the next round of indexation changes<\/a> from 20 September. <\/p>\n

Single pensioners will receive an extra $29.70\u00a0per fortnight, and couples will receive an extra $22.40 per person under the changes. <\/p>\n

This will raise the full pension, with both supplements included, to $1,178.70 per fortnight for singles and $888.50 per partner for couples.<\/p>\n

Australians become eligible for the pension when they reach their ‘retirement age<\/a>‘. If you were born on or after 1 January 1957, that’s 67. <\/p>\n

The pension is subject to assets and income tests. If you own or earn too much, you may only qualify for a part-pension, or no pension.<\/p>\n

How much can you own in retirement and still get the pension? <\/p>\n

Australians in retirement will be able to own a greater value of assets from 20 September and still qualify for the pension. <\/p>\n

Your home is excluded from the assets test<\/a>. If you rent your home, you can own a higher value of assets and still qualify for the pension.<\/p>\n

Assessable assets<\/a> include your superannuation<\/a>, ASX shares, international shares<\/a>, bonds<\/a>, managed funds<\/a>, investment properties<\/a>, and cash at the bank.<\/p>\n

For a full pension, single homeowners can own $321,500 in assets (unchanged) and still qualify for the full pension from 20 September. Single non-homeowners can own $579,500 in assets (unchanged) and get the full pension.<\/p>\n

Couples who own their homes can have $481,500 in assets (unchanged), and non-homeowners can have $739,500 in assets (unchanged) and still get the full pension. <\/p>\n

For a part-pension, the new asset value cut-off point from 20 September for single homeowners will be $714,500. For single non-homeowners, it will be $972,500.<\/p>\n

The new cut-off for couple homeowners will be $1,074,000, and for non-homeowners, it will be $1,332,000 in assets.<\/p>\n

How much can you earn and still get an age pension? <\/p>\n

The age pension is also subject to an income test<\/a>.<\/p>\n

Singles can earn $218 per fortnight (unchanged) and couples $380 combined per fortnight (unchanged) and qualify for the full pension.<\/p>\n

For a part-pension, the new cut-off point for singles will be $2,575.40 per fortnight, and for couples, it will be $3,934 per fortnight.<\/p>\n

How much wealth do you need for a comfortable retirement? <\/p>\n

The Association of Superannuation Funds of Australia (ASFA) says single homeowners need $595,000 and couple homeowners need $690,000 in superannuation savings by age 67 to enjoy a comfortable retirement<\/a>.<\/p>\n

This assumes they also receive a part-pension and an average 6% return on their super savings per year.<\/p>\n

In today’s dollars, a comfortable retirement costs $73,875 per annum for couples who own their homes, and $52,383 for singles who own their homes.<\/p>\n

ASFA defines a comfortable retirement as having enough money for all of life’s basic costs plus top-level private health insurance, a good car, high-speed internet and mobile phone, lots of exercise and leisure activities, occasional restaurant meals, a domestic holiday every year, and an overseas trip every seven years.<\/p>\n

Planning for retirement? <\/p>\n

The Motley Fool offers a comprehensive retirement planning guide<\/a> to help you save and invest appropriately for your retirement. <\/p>\n

Check out the 10 most popular ASX shares being bought by self-managed superannuation investors in the new financial year here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"The age pension will rise, and the value of assets you can have in retirement while still qualifying…\n","protected":false},"author":2,"featured_media":106123,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,6166,186,184,185],"class_list":{"0":"post-106122","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-editors-choice","12":"tag-finance","13":"tag-personal-finance","14":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/106122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=106122"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/106122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/106123"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=106122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=106122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=106122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}