Wondering if a capital gain is included as INCOME for aged pension assessment purposes?
A planned fund redemption looks to have a nice capital gain (nice) - it will attract CGT (expected). But will there be effects on the age pension I should be aware of?
I believe this is treated as income but you'd need to chat to Services Australia / Centrelink to be sure.
I believe this is treated as income but you'd need to chat to Services Australia / Centrelink to be sure.
From Services Australia website. Download and read through form SA369. Income and assets.
As a capital gains event is the disposal of an asset (not normal income) I would suggest it would be considered under the assets test. The value of the asset wouldn't change by selling it. (you're only converting it to cash - which is also an asset).
However, this isn't a tax question. This is one for Services Australia.
Thank you! What you wrote makes sense!
Services Aust.. uurgh...staff #1 got all twisted up. Income? Asset? Both? Staff #2 eventually agreed it was an asset.
The managed fund was an asset. Turning into cash in the bank was still an asset.
No idea what happens if is blown on a spree but if spend on aged care RAD (the plan) it will be exempt for pension assessment.
15 Apr 2026 · 4 min read time
15 Apr 2026 · 8 min read time
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