Allowable Income (No dependants)
The income threshold before the pension reduces by 50 cents in the dollar for singles and 25 cents in the dollar each for couples
(40 and 20 cents before 1/7/2009) is:
| Date |
Single |
Couple
both eligible |
Couple
one eligible |
Couple
illness separated |
| 1/7/2021 | 180.00 | 320.00 | 320.00 | 320.00 |
| 1/7/2020 | 178.00 | 316.00 | 316.00 | 316.00 |
| 1/7/2019 | 174.00 | 308.00 | 308.00 | 308.00 |
| 1/7/2018 | 172.00 | 304.00 | 304.00 | 304.00 |
| 1/7/2017 | 168.00 | 300.00 | 300.00 | 300.00 |
| 1/7/2016 | 164.00 | 292.00 | 292.00 | 292.00 |
| 1/7/2015 | 162.00 | 288.00 | 288.00 | 288.00 |
| 1/7/2014 |
160.00 |
284.00 |
284.00 |
284.00 |
| 1/7/2013 |
156.00 |
276.00 |
276.00 |
276.00 |
| 1/7/2012 |
152.00 |
268.00 |
268.00 |
268.00 |
| 1/7/2011 |
150.00 |
264.00 |
264.00 |
264.00 |
| 1/7/2010 |
146.00 |
256.00 |
256.00 |
256.00 |
| 1/7/2009 |
142.00 |
248.00 |
248.00 |
248.00 |
| 1/7/2008 |
138.00 |
240.00 |
240.00 |
240.00 |
| 1/7/2007 |
132.00 |
232.00 |
232.00 |
232.00 |
| 1/7/2006 |
128.00 |
228.00 |
228.00 |
228.00 |
| 1/7/2005 |
124.00 |
220.00 |
220.00 |
220.00 |
| 1/7/2004 |
122.00 |
216.00 |
216.00 |
216.00 |
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.
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
| Date |
Threshold Single |
Threshold Couple |
| 1/7/2021 | 53,600 | 89,000 |
| 1/7/2020 | 53,000 | 88,000 |
| 1/7/2019 | 51,800 | 86,200 |
| 1/7/2018 | 51,200 | 85,000 |
| 1/7/2017 | 50,200 | 83,400 |
| 1/7/2016 | 49,200 | 81,600 |
| 1/7/2015 | 48,600 | 80,600 |
| 1/7/2014 | 48,000 | 79,600 |
| 1/7/2013 | 46,600 | 77,400 |
| 1/7/2012 | 45,400 | 75,600 |
| 1/7/2011 | 44,600 | 74,400 |
| 1/7/2010 | 43,200 | 72,000 |
| 1/7/2009 | 42,000 | 70,000 |
| 1/7/2008 | 41,000 | 68,200 |
| 1/7/2007 | 39,400 | 65,400 |
| 1/7/2006 | 38,400 | 63,800 |
| 1/7/2005 |
37,200 |
62,000 |
| 1/7/2004 |
36,400 |
60,600 |
| |
Deeming Rate Lower |
Deeming Rate Higher |
| 01/05/2020 | 0.25% | 2.25% |
| 01/07/2019 | 1.00% | 3.00% |
| 20/03/2015 | 1.75% | 3.25% |
| 04/11/2013 | 2.0% | 3.5% |
| 20/3/2013 | 2.5% | 4.0% |
| 20/9/2012 | 3.0% | 4.5% |
| 20/3/2012 | 3.0% | 4.5% |
| 20/9/2011 | 3.0% | 4.5% |
| 20/3/2011 |
3.0% |
4.5% |
| 20/9/2010 |
3.0% |
4.5% |
| 20/3/2010 |
3.0% |
4.5% |
| 20/9/2009 |
2.0% |
3.0% |
| 20/3/2009 |
2.0% |
3.0% |
| 17/11/2008 |
3.0% |
5.0% |
| 20/9/2008 |
4.0% |
6.0% |
| 20/3/2008 |
4.0% |
6.0% |
| 20/9/2007 |
3.5% |
5.5% |
| 20/3/2007 |
3.5% |
5.5% |
| 20/9/2006 |
3.0% |
5.0% |
| 20/3/2006 |
3.0% |
5.0% |