Pension thresholds Sept 2019

Changes to income and asset thresholds will take effect from 20 September 2019.

Below are the new limits that will apply to you:

Centrelink income test limits for Age Pensions from 20 September 2019

Situation For full pension/allowance (per fortnight) For part pension(pf) From 20 September 2019
Single up to $172 less than $2040.80
Couple (combined) up to $304

less than $3122.00

Illness separated (couple combined) up to $304 less than $4041.60


Centrelink asset test limits for full Age Pensions from 20 September 2019

Situation Homeowners Non-homeowners
Single $263,250 $473,750
Couple (combined) $394,500 $605,000
Illness separated (couple combined) $394,500 $605,000


Centrelink asset test limits for part Age Pensions – effective from 20 September 2019

Situation Homeowners Non-homeowners
Single $574,500 $785,000
Couple (combined) $863,500 $1,074,000
Illness separated (couple combined) $1,017,000 $1,227,500


Centrelink income test limits for transitional part Age Pensions from 20 September 2019

Situation  
Single less than $2124.25
Couple (combined) less than $3122.00
Illness separated (couple combined) less than $4041.60


Centrelink asset test limits for transitional part Age Pensions – effective from 20 September 2019

Situation Homeowners Non-homeowners
Single $523,500 $734,000
Couple (combined) $814,500 $1,025,000
Illness separated (couple combined) $915,000 $1,125,500


Centrelink deeming thresholds from 1 July 2019
 

Family Situation Assets Threshold Increase Deeming Rate
Single $0 – $51,800 $6000 1.00%
Above $51,800   3.00%
Pensioner Couple – combined (2) $0 – $86,200 $1200 1.00%
Above $86,200   3.00%

Written by Ben

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