4.8.2.40 Treatment of Non-Income Support Recipient Partner's Superannuation Investments

Summary

This topic explains the assessment of a non-income support recipient partner's (1.1.P.85) superannuation investments. This topic covers assessment of:

  • non-income support recipient partner's superannuation investments, and
  • withdrawals re-invested outside superannuation.

Assessment of a non-income support recipient partner's superannuation investments

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.

If the non-income support recipient partner is… Then…
less than age pension age, ALL amounts in superannuation and roll-over investments owned by them are exempt from income and assets test assessment.
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 4.6.5.75 Treatment of Superannuation & Roll-over Investments Under the Assets Test

Assessment of withdrawals re-invested outside superannuation

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invests any withdrawal amounts outside the superannuation environment, or purchases an assessable asset with money withdrawn from a superannuation fund, the asset is assessed under the usual income and asset test rules applying to that type of asset and this may affect their partner's income support payments.

Policy reference: SS Guide 4.4 Deeming Provisions, 4.4.1.10 Overview of deeming

Last reviewed: 9 February 2015