The Guides to Social Policy Law is a collection of publications designed to assist decision makers administering social policy law. The information contained in this publication is intended only as a guide to relevant legislation/policy. The information is accurate as at the date listed at the bottom of the page, but may be subject to change. To discuss individual circumstances please contact Services Australia.

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invests any withdrawal amounts outside the superannuation environment, or purchases an assessable asset with money withdrawn from a superannuation fund, the asset is assessed under the usual income and asset test rules applying to that type of asset and this may affect their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

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