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The New Daily
The New Daily
Business
Craig Sankey

Ask the Expert: How your superannuation balance might affect your pension

Hostplus ATO
  • Question 1(a) Does your superannuation balance affect your ability to get the age pension? Does the overall balance or the income received from that balance count as an asset when applying for the pension? How much can I have in super before the pension is not attainable?
  • Question 1(b): I am 63 years old and my wife is 56 years old and we earn around $140k per year.  We have our own home valued at $600k and an investment property at $450k. Currently, our combined super is $350k.  How much would we receive from the government pension, if I was to retire?

I will answer the above two age pension questions together.

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