Pension thresholds March 2022

Changes to income and asset thresholds will take effect from 20 March 2022.

Below are the new limits that will apply to you:

Centrelink income test limits for Age Pensions from 20 March 2022

SituationFor full pension/allowance (per fortnight)For part pension(pf) From 20 March 2022
Singleup to $180less than $2155.20
Couple (combined)up to $320less than $3297.60
Illness separated (couple combined)up to $320less than $4270.40


Centrelink asset test limits for full Age Pensions from 20 March 2022

SituationHomeownersNon-homeowners
Single$270,500$487,000
Couple (combined)$405,000$621,500
Illness separated (couple combined)$405,000$621,500


Centrelink asset test limits for part Age Pensions – effective from 20 March 2022

SituationHomeownersNon-homeowners
Single$599,750$816,250
Couple (combined)$901,500$1,118,000
Illness separated (couple combined)$1,063,500$1,280,000


Centrelink income test limits for transitional part Age Pensions from 20 March 2022

Situation 
Singleless than $2240.00
Couple (combined)less than $3643.50
Illness separated (couple combined)less than $4440.00


Centrelink asset test limits for transitional part Age Pensions – effective from 20 March 2022

SituationHomeownersNon-homeowners
Single$545,250$761,750
Couple (combined)$848,500$1,065,000
Illness separated (couple combined)$954,500$1,171,000


Centrelink deeming thresholds from 15 March 2022
 

Family SituationAssets ThresholdDeeming rate
Single$0 – $53,6000.25%
Above $53,600 2.25%
Pensioner Couple – combined (2)$0 – $89,0000.25%
Above $89,000 2.25%

Will these changes make a difference to your retirement?

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