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Income test for pensionsThis income test is effective from 1 July 2009. This information applies to the following payments:
Please note: You are exempt from this income test if you are permanently blind and you get Age Pension or Disability Support Pension. As of July 1 2009, changes to the definition of income mean that your assessable income for Centrelink and the Family Assistance Office will also include:
You may need to provide additional information about your income to Centrelink or the Family Assistance Office. Income test
Note: the rate of payment is calculated under both the income and assets tests. The test that results in the lower rate (or nil rate) will apply. * Income over these amounts reduces the rate of pension payable by 40 cents in the dollar (single), 20 cents in the dollar each (for couples). ** For Disability Support Pension, these limits apply if you are aged over 21 and/or have a dependent child. For under 21 assets/income limits see your local Centrelink Office. + Pharmaceutical Allowance is included. # These figures may be higher if you also get Rent Assistance with your payment. Related information Did you find what you were looking for? You can also try the A-Z list, quick links, search, site help, we speak your language or send us feedback on how to make this a better website. |