Date amended:
External
Policy
Assessment of a non-pensioner partner's superannuation investments
Amounts in superannuation funds owned by a non-pensioner partner are exempt from assessment for the pensioner's income support pension until the non-pensioner partner reaches pension age, regardless of whether or not the non-pensioner partner claims pension. When the non-pensioner partner reaches pension age their superannuation affects the pensioner's entitlements as follows:
- superannuation investments in the accumulation phase are assessable as a financial investment
- superannuation investments in the drawdown phase are assessable under the income stream rules.
Assessment of withdrawals re-invested outside superannuation
If a non-pensioner partner invests any withdrawal amounts outside the superannuation environment, the investment is assessed under the usual income and assets test rules applying to that type of investment.