Age Pension when only one partner is eligible can be complicated. Retirement planning for a couple with a big age difference is so much more complicated and a lot more details need to be taken into account, and today we will discuss one of those main problems when one partner reaches the Age Pension age, and the other is still too young. How does Centrelink calculate the Age Pension payment in the situation when only one partner is eligible? Age Pension rate. First thing is first, you are still a couple, regardless whether one or both of you are of Age Pension age, therefore Centrelink will treat you as a couple for the purpose of the Age Pension rate. So you will receive the couple rate, with only one person being paid and not the rate of payment for a single person. Which assets are included in Income and Assets Test for one partner, therefore what are assessable assets? The Income and Assets Tests are no different whether one or both partners are applying. Therefore, all assets are included in both tests regardless of the legal ownership. If a property, shares, money in bank accounts or any other assets are in the younger spouse's name, they all will be included in Income and Assets Tests for the partner who is of Age Pension age and is applying for Age Pension. Which assets are excluded from Age Pension tests? • Family home - in most situations home is excluded from Centrelink tests for the purpose of calculating your Age Pension eligibility regardless whether one or both partners are applying and regardless whose name is on the title of the property. • Younger spouse super - this is a huge benefit for Age Pension eligibility in the situation of a couple when only one reached the Age Pension age To download the book 12 PRINCIPLES OF INVESTING: https://ebook.aboutretirement.com.au/12-principles-of-investing-download Contact details: Katherine Isbrandt of About Retirement Website: https://aboutretirement.com.au/ Email: hello@aboutretirement.com.au Or connect with me: https://www.facebook.com/katherineisbrandt/?modal=admin_todo_tour https://www.linkedin.com/in/katherineisbrandt/ https://www.instagram.com/katherineisbrandt https://www.pinterest.com.au/katherineisbrandt/pins/ FSG: https://aboutretirement.com.au/wp-content/uploads/2025/01/FSG-4.0-Online.pdf Katherine’s Adviser Profile: https://aboutretirement.com.au/wp-content/uploads/2025/01/KI-Adviser-profile-Online-PDF.pdf Shaun’s Adviser Profile: https://aboutretirement.com.au/wp-content/uploads/2025/01/SJ-Adviser-profile-V2-Online-PDF.pdf #KatherineIsbrandt #AboutRetirement #AgePensionEligibility