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How to Reduce your tax and accounting fees while paying the correct amount of tax and not a cent more?

 
Home Tax Tips Retirees Tax Tips Income Test for Pensions
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Income Test for Pensions PDF Print E-mail
Income Test for Pensions+
Family Situation For full pension (pf)* For part pension (pf)#
Single up to $142.00 less than $1,485.80
Couple (combined) up to $248.00 less than $2,274.00
Illness separated (couple  combined) up to $247.00 less than $2,935.60

 

+ This income test does not apply to recipients of Parenting Payment Single.

 

* Income over these amounts reduces the rate of pension payable by 50cents in the dollar (single), 25 cents in the dollar each (for couples).

 

# These figures may be higher if Rent Assistance is paid with your pension.

 

Disclaimer: This is not advice. Items herein are general comments only and do not constitute or convey advice per se. The information contained in this article is for guidance only and should not be relied upon without obtaining professional advice having regard to your specific circumstances.
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