Our definition for non-cash assets.
These are assets that you and your partner have that cannot easily be converted into cash, eg:
- your house and the land it's on
- personal effects (eg bed, couch, fridge)
- the vehicle that you use for day-to-day transport (eg, your car)
- a caravan, boat or other vehicle that either:
- has a net equity less than $2,000
- is used by you, or a member of your family, for day-to-day accommodation
- a bank overdraft
- funds held in Kiwisaver and other retirement scheme accounts
- Maori land where the title is in tribal trust and individual ownership can't be identified.