Pension thresholds from 1 July 2017

Annual indexation of income and asset thresholds will take effect from 1 July 2017. 

Below are the new limits that will apply:

Centrelink income test limits for Age Pensions from 1 July 2017 

Situation For full pension/allowance (per fortnight) For part pension(pf) From 20 March 2017
Single up to $168 less than $1944.60
Couple (combined) up to $300 less than $2978.40
Illness separated (couple combined) up to $300 less than $3853.20

Centrelink asset test limits for full Age Pensions from 1 July 2017

Situation

Homeowners

Non-homeowners

Single

$253,750

$456,750

Couple (combined)

$380,500

$583,500

Illness separated (couple combined)

$380,500

$583,500

One partner eligible (combined assets)

$380,500

$583,500

  

Centrelink asset test limits for part Age Pensions – effective from 1 July 2017

Situation

Homeowners

Non-homeowners

Single

$550,000

$753,000

Couple (combined)

$827,000

$1,030,000

Illness separated (couple combined)

$973,000

$1,176,000

One partner eligible (combined assets)

$827,000

$1,030,000

  

Centrelink income test limits for transitional part Age Pensions from 1 July 2017

Situation

 

Single

less than $2,038.00

Couple (combined)

less than $3,317.00

Illness separated (couple combined)

less than $4,040.00

Centrelink asset test limits for transitional part Age Pensions – effective from 1 July 2017

Situation

Homeowners

Non-homeowners

Single

$503,250

$706,250

Couple (combined)

$783,000

$986,000

Illness separated (couple combined)

$879,500

$1,082,500

One partner eligible (combined assets)

$783,000

$986,000

Centrelink deeming thresholds from 1 July 2017 

Family Situation

Assets Threshold

Rate of Deemed Income

Single

$0 – $50,200

1.75%

Above $50,200

3.25%

Allowee Couple – per person (1)

$0 – $41,700

1.75%

Above $41,700

3.25%

Pensioner Couple – combined (2)

$0 – $83,400

1.75%

Above $83,400

3.25%



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