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Assessable Income:

What is assessable income?

Under the income test, assessable income is income which is used to work out what rate of payment you receive.

What income is assessed under the income test?

Examples of assessable income include:

  • deemed income from financial investments
  • gross income from earnings, including fringe benefits
  • net income from businesses, including farms
  • family trust distributions or dividends from private company shares
  • net income from rental property
  • income from boarders and lodgers
  • superannuation
  • non-Australian pensions and income
  • any income from sources outside Australia
  • income from income stream products, such as annuities and allocated products.

How do I find out more information?

The Income and Assets Test Table provides information regarding the income or assets tests for the payments provided by Centrelink.

For more information on assessable income, contact your nearest Centrelink Customer Service Centre.

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