SOCIAL SECURITY AND AGED CARE

Quick Facts:

Assets Test - 2008/09

Homeowners Lower threshold Upper threshold
Single$166,750$535,250
Couple combined$236,500 $849,400
Non-HomeownersLower thresholdUpper threshold
Single$287,750$565,250
Couple combined$357,500$970,500

 

Income Test - 2008/09

 

Family SituationFor full payment
(per fortnight)*
For part payment
(per fortnight)
SingleUp to $132.00

Less than $1513.50

Single plus 1 childUp to $156.60 Less than $1583.10
Couple (combined) Up to $232.00 Less than $2530.50
Illness separated couple (combined)Up to $232.00 Less than $2995.00
Additional childrenAdd $24.60 per child Add $24.60 per child

* Income over these amounts reduces the rate of pension payable by 40 cents in the dollar (single), 20 cents in the dollar each (for couples).

Family Tax Benefit Part A & Family Tax Benefit Part B

Page last updated: 24 June 2008