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Personal effects and household contents
For asset test purposes, personal effects and household contents include;
- clothing; jewellery; hobby collections (such as stamps and coins); furniture; paintings and works of art; soft furnishings (curtains etc.); and electrical appliances other than fixtures (such as stoves, light fittings etc).
The following assets are not considered to be personal effects:
- Unmounted gems; collections held for other than purely personal purposes; cars and trailers; and boats and caravans.
There is currently no content classified with this term.