Centrelink and SMSFs
For some trustees of SMSFs there will possibly come a day when they are eligible for the Age pension from Centrelink. In addition to the obvious financial assistance, whatever the small amount of Age pension that would be received, there is the added benefit of the discounts and the health care card that will apply.
For a person to be eligible to receive the Age pension they must first pass three sets of tests. Those tests are the age test, the assets test and the income test. When the age test is passed the least amount of pension payable arrived at by using the other two tests is what a person receives.