no, their asset of 250k falls below the asset test limit and as they are getting the full pension, they can only use their own funds they cannot get any more pension if they receive the full amount regardless of the income actually earnt on deposit, the pension calculates the income under the deeming rules ................................ From 20 March 2013: •if you are single and getting either a pension or allowance, the first $45 400 of your financial investments is deemed to earn income at 2.5 per cent per annum and any amount over that is deemed to earn income at 4 per cent per annum •if you are a member of a couple: ?if at least one of you is getting a pension, the first $75 600 (combined) of your own and your partner's financial investments is deemed to earn income at 2.5 per cent per annum and any amount over that is deemed to earn income at 4 per cent per annum, or ?if neither of you is getting a pension, the first $37 800 for each of your own and your partner's financial investments is deemed to earn income at 2.5 per cent per annum and any amount over that is deemed to earn income at 4 per cent per annum.
If your investments earn more than the deemed rates
If the actual income you receive from your investments is more than the deemed income, the extra income is not counted when assessing your rate of pension, benefit or allowance. http://www.humanservices.gov.au/customer/enablers/deeming
