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invests any withdrawal amounts outside the superannuation environment, or purchases an assessable asset with money withdrawn from a superannuation fund, the asset is assessed under the usual income and asset test rules applying to that type of asset and this may affect their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