000 invested in a lifetime annuity | 102 | 2026. A couple | 500 and still qualify for a part age pension. Source: Generation Life. For a single homeowner the limit is $733 | a lifetime annuity can bring forward the age at which you can qualify for the age pension depending on your other retirement assets. With a regular income stream from a lifetime annuity | ABP and age pension | account-based pensions (ABPs) are the go-to way to use super in retirement. ABPs | are fully assessable under the age pension income and assets tests. By contrast | assessable assets reduce by $80 | can be worth investigating. It's all about the assets test For many Australians | can have up to $1 | however | Investing | only 30% is assessed. Similarly | only 60% of a lifetime annuity investment counts towards the annuitant's assets test. After five years from the initial investment or when the annuitant later reaches 85 | only 60% of income generated by a lifetime annuity is assessed under the annuitant's income test. So for every $200 | Sponsored | such as Generation Life's LifeIncome product | which pays an income guaranteed for life | who live together and own their home
Age pension eligibility myths debunked
By Erica Hobson Published on August 3, 2026
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