Age Pension update: increases and changes from 20 September 2019

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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%

RELATED LINKS

Age Pension increases: 20 September 2019

How much more Age Pension will you receive?

Changes to Newstart rates and thresholds

From 20 September 2019, Newstart rates and thresholds will be indexed.

Rent assistance rates payable from 20 September 2019

The new payment rates and limits for rent assistance.

Written by Ben



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