13th Mar 2018

Changes to Newstart rates and thresholds

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Changes to Newstart rates and thresholds
Leon Della Bosca

From 20 March 2018, Newstart Allowance rates and thresholds will be indexed. Find out if your payment will be affected.

Newstart Allowance payment rates from 20 March 2018

Family situation Payment rate (per fortnight)
Single, 22 or over, no children $545.80
Single, 22 or over, with children $590.40
Single, 60 or over, after nine months $590.40
Partnered, each $492.80

 

Income test
Under the income test applied to the Newstart Allowance, you can earn up to $104 per fortnight pre tax, before your payment is affected.

For income levels above $104 but less than $254 per fortnight, your payment will be reduced by 50 cents for every dollar you exceed the threshold. For income above $254 per fortnight your payment reduces by 60 cents until you reach the cut-off threshold.



 

Newstart Allowance thresholds from 20 March 2018

Family situation

Payment cut-off threshold

Single, 22 or over, no children

$1053.34

Single, 22 or over, with children

$1128.84

Single, 60 or over, after nine months

$1139.17

Partnered, each

$963.50


Newstart applicants will also be subject to an asset test.

For more information on Newstart, visit Humanservices.com.au

Related articles:
Is Newstart classed as income? 
PM urged to cut benefit payment





COMMENTS

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Raphael
13th Mar 2018
3:32pm
That's a decent income for a 22 year old living at home with mum and dad.
Plenty actually
GrayComputing
13th Mar 2018
9:45pm
NO MORES PENSION ASSETS TESTS EVER!
Are we cowed sheep and roll over to every government idiotic whim and endless rule changes.
Most economist say it is much cheaper to the government to just pay everybody a pension without any asset test.
The cost to us taxpayers will be lower if Centrelink does not spend millions on conducting assets tests
Let us forward to retirement instead of dreading it with frequent Centrelink probes and rule stupidity
Tell your MP if they want to be re-elected then scrap the pension asset test NOW
Roar like a lion instead of bleating like scared lambs


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