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This topic explains the assessment of a non-income support recipient partner's (1.1.P.70) superannuation investments. This topic covers assessment of:
The following table describes the assessment of investments owned by non-income support recipient partners, for the purpose of working out the income support recipient partner's payments.
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If the non-income support recipient partner is… |
Then… |
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less than age pension age, |
ALL amounts in superannuation and roll-over investments owned by them are exempt from income and assets test assessment. |
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Age pension age, |
superannuation and roll-over investments owned by them are assessable when working out the income support recipient partner's payment. |
Policy reference: SS Guide 4.4.4.40 Deemed Income from Superannuation & Roll-over Investments, 4.6.5.75 Treatment of Superannuation & Roll-over Investments Under the Assets Test
If a non-income support recipient partner invests any withdrawal amounts outside the superannuation environment, or purchases an assessable asset with money withdrawn from a superannuation fund, the asset is assessed under the usual income and asset test rules applying to that type of asset and may affect their partner's payments investment.
Policy reference: SS Guide 4.4 Deeming Provisions, 4.4.1.90 Deeming Rate Calculation - Pensioner & Non-Pensioner Couple
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Last reviewed: 20 March 2008
