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Income test for pensions- Age Pension
Income test for pensions - Disability Support Pension
Income test for pensions - Carer Payment
Example for calculating a customer's pension rate
This table contains an example of using the Income Test to work out a customer's pension rate. Note: these amounts are examples only and do not reflect current rates. For current payments, see Rates and thresholds.
Item | Description |
1 | Single pensioner Apply any relevant Working Credit or Work Bonus reductions before applying the income test. This example assumes no relevant employment income and no direct deductions: Total ordinary income of $15,500 pa Income free area = $5,876 pa Excess income = $15,500 - $5,876 = $9,624 pa Income reduction = $9,624 x 0.5 = $4812.00 pa Maximum annual pension rate less reduction = $31,223.40 - $4,812.00 = $26411.40 pa Fortnightly pension rate = $26,411.40 / 26 = $1,015.82 |
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