Check pension rules before building a granny flat

By George Cochrane
Updated January 25 2018 - 9:53am, first published January 19 2018 - 10:50am

I'm 72, receive a full age pension and have assets of $175,000. My wife is in a nursing home. We own our house and I plan to build a granny flat in the backyard. Would the granny flat be considered an asset and included in the assets test and would it affect my age pension or would it be considered as part of the house and therefore not a separate asset? G.C.