Pension thresholds from 20 March 2018

Changes to income and asset thresholds will take effect from 20 September 2017. 

Below are the new limits that will apply to you:

Centrelink income test limits for Age Pensions from 20 March 2018 

Situation For full pension/allowance (per fortnight) For part pension(pf) From 20 March 2018
Single up to $168 less than $1983.20
Couple (combined) up to $300 less than $3036.40
Illness separated (couple combined) up to $300 less than $3930.40

  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 20 March 2018

Situation Homeowners Non-homeowners
Single $556,500 $759,500
Couple (combined) $837,000 $1,040,000
Illness separated (couple combined) $986,000 $1,189,000
One partner eligible (combined assets) $837,000 $1,040,000

   Centrelink income test limits for transitional part Age Pensions from 20 March 2018

Situation  
Single less than $2073.00
Couple (combined) less than $3374.00
Illness separated (couple combined) less than $4110.00

 

Centrelink asset test limits for transitional part Age Pensions – effective from 20 March 2018

Situation Homeowners Non-homeowners
Single $507,750 $710,750
Couple (combined) $790,500 $993,500
Illness separated (couple combined) $888,500 $1,091,500
One partner eligible (combined assets) $790,500 $993,500

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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