What is Age Pension Income Test? Income Test is not just as simple as checking your pay slip, or the level of income you earn from your investments, because every type of earned income is included in the test and each might be calculated differently. Income Test includes: • your employment income if you continue working full-time or part-time, • any money your earn from your business • Income received from overseas pension funds • Income earned from your rental property or your investment properties, • Income received from your retirement income streams • plus all assessable assets, so all your financial assets such as your bank accounts, managed funds, shares, superannuation, business assets. and each might be under different income assessment rule. Sometimes you might feel like you would have to be Einstein to understatement and follow those rules. How much income can I earn before it affects my Age Pension Payments? How does Age Pension reduce under Income Test? What i
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