If your assets are over the new limits, your Age Pension will be reduced by $3.00 per fortnight for every $1,000 of assets you have over the limit.
To receive a part Age Pension, your assets must be under the upper limit. Under the new asset test, this limit has reduced. This means if you have assets above the new limits, you will no longer be eligible for a part Age Pension.
The table below shows the current upper limits and the new ones that will apply from 1 January 2017.