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You will not be eligible for a Centrelink allowance if your assessable assets exceed the levels below. If you are part of a couple, your assets are considered on a joint basis:

Figures at 20 September 2011:

• Single Person (homeowner) - $186,750
• Single Person (non-homeowner) - $321,750
• Couples (homeowners) - $265,000
• Couples (non-homeowners) - $400,000

If your assessable assets exceed the levels above you could consider placing some of your investment funds into superannuation to gain eligibility (if under age pension age). However, assess the costs of readjusting your portfolio carefully – there could be issues such as Capital Gains Tax (CGT), future accessibility of the funds (contributions to your superannuation fund will be preserved) and change in asset exposure that will require consideration.