Allowable Income (No dependants)

The income threshold before the pension reduces by 50 cents in the dollar is:

Each fortnight, the Work Bonus disregards up to $300 pf of the active participation income earned by pensioners over age pension age (unless paid Parenting Payment). If employment income is less $300 pf, the unused Work Bonus is banked up to a maximim amount of $7,800 to discount future employment income that exceeds the $300 pf. A temporary additional $4000 applies for the period 1/12/2022 to 31/12/2023. If the income stream commenced on or before 31 December 2014 and the recipient is in contiunued receipt of income support payments since that date, the basis is annual payments minus a deductible amount. Otherwise the deemed basis is used.

Deeming Rates and Thresholds