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The following are the current rates relating to certain
termination and social security payments.
Centrelink phone 132 850
RATES $/fn Jan 1999 Jul 1999 Single $ 357.30 $ 361.40 Couple each $ 298.10 $ 301.60 INCOME TEST MAX PENSION Single Income $ 100.00 $ 102.00 Couple (joint) $ 176.00 $ 180.00 Child add $ 24.00 $ 24.00 INCOME TEST NO PENSION Single Income $ 825.40 $ 835.60 Couple (joint) $1379.20 $1379.20 Child add $ 24.00 $ 24.00 ASSETS TEST MAX PENSION Single Homeown $125,750 $127,750 Single No Home $215,750 $219,250 Couple Homeown $178,500 $181,500 Couple No Home $268,500 $273,000 ASSETS TEST NO PENSION Single Homeown $246,750 $250,250 Single No Home $336,750 $341,750 Couple Homeown $379,500 $384,500 Couple No Home $469,500 $476,000 RATES $/fn Jan 1999 Jul 1999 Single over 20 $ 323.40 $ 325.70 with child $ 349.90 $ 352.30 Couple over 20 each $ 291.80 $ 293.80 with child $ 291.80 $ 293.80 INCOME TEST MAX PENSION max pension $ 60.00 $ 60.00 INCOME TEST NO PENSION Single over 20 $ 544.86 $ 548.14 with child $ 582.71 $ 586.14 Couple over 20 each $ 499.71 $ 502.58 with child $ 499.71 $ 502.58 ASSETS TEST NO PENSION see above
INCOME & ASSETS TESTSfrom Sep 97 Jul98 Dec98 INCOME TEST MAX PENSION Single Income $ 100.00 $ 100.00 $ 100.00 Couple (joint) $ 176.00 $ 176.00 $ 176.00 Child add $ 24.00 $ 24.00 $ 24.00 INCOME TEST NO PENSION Single Income $ 806.40 $ 820.00 $ 825.40 Couple (joint) $1347.20 $1370.00 $1379.20 Child add $ 24.00 $ 24.00 $ 24.00 ASSETS TEST MAX PENSION Single Homeown $125,750 $125,750 $125,750 Single No Home $215,750 $215,750 $215,750 Couple Homeown $178,500 $178,500 $178,500 Couple No Home $268,500 $268,500 $268,500 ASSETS TEST NO PENSION Single Homeown $243,500 $245,750 $246,750 Single No Home $333,500 $335,750 $336,750 Couple Homeown $374,000 $377,500 $379,500 Couple No Home $464,000 $467,500 $469,500 PENSION RATES JOBSEARCH ETC
from Sep 97 Jul 98 Jul 98 MAXIMUM RATES Single $ 347.80 $ 354.60 $ 349,90 Couple (each) $ 290.10 $ 295.80 $ 291.80 PAYMENT REDUCTIONS Assets/$1000 $ 3 $ 3 $ 3 Income/dollar Single $ 0.50 $ 0.50 $ 0.50 Couple each $ 0.25 $ 0.25 $ 0.25 PHARMACEUTICAL Single $ 5.40 $ 5.40 $ 5.40 Couple (one) $ 2.70 $ 2.70 $ 2.70 NEWSTART ETC (over 20) No Children Single $ 321.50 $ 321.50 $ 321.50 Max Income $ 542.14 $ 542.14 $ 542.14 Couple $ 290.10 $ 290.10 $ 290.10 Max Income $ 497.29 $ 497.29 $ 497.29
SOCIAL SECURITY RATES FAMILY PAYMENTSfrom Sep 97 Jul98 Jul98 Sep98 FAMILY PAYMENT Max Child u13 $ 96.00 $ 96.40 $ 96.40 Max Child 13-15$ 124.90 $ 125.40 $ 125.40 Max student $ 60.00 $ $ Min per child $ 23.40 $ 23.50 $ 23.50 Min 4th child +$ 7.70 $ 7.70 $ 7.70 Income Test Max Pension Pension Pension 1 child $ 23350 $ 23400 $ 23400 2 children $ 23974 $ 24024 $ 24024 3 children $ 24598 $ 24648 $ 24648 4 children $ 25222 $ 25272 $ 25272 each extra add $ 624 $ 624 $ 624 Income Test No Pension Pension Pension 1 child $ 65743 $ 65941 $ 65941 2 children $ 69031 $ 69239 $ 69239 3 children $ 72319 $ 72537 $ 72537 4 children $ 75607 $ 75835 $ 75835 each extra add $ 3288 $ 3298 $ 3298 SOCIAL SECURITY RATES NOTESfrom Sep 97 Assets Test Max$406,000 $407,250 $407,250 Assets Test No $602,500 $604,250 $604,250 Child Disability Allce Maximum income includes taxable income, foreign income, certain employer provided benefits and net loss from rental property.
Max Pension indicates that the maximum pension is paid with
assets or income below threshold. Compensation income (workers compensation) reduces some payments on a dollar for dollar basis. Lump sum payments are subject to special rules. All pensions etc are paid fortnightly at the above rates. OLD RATES INCOME ASSETS TESTfrom Jul 96 Sep 96 Jan 97 Mar97 Jun97 INCOME TEST MAX PENSION Single Income $ 98.00 $ 98.00 $ 98.00 $ 98.00 $ 100.00 Couple (joint) $ 172.00 $ 172.00 $ 172.00 $ 172.00 $ 176.00 Child add $ 24.00 $ 24.00 $ 24.00 $ 24.00 $ 24.00 INCOME TEST NO PENSION Single Income $ 794.00 $ 801.60 $ 801.60 $ 804.40 $ 804.40 Couple (joint) $1326.00 $1338.40 $1338.40 $1343.20 $1343.20 Child add $ 24.00 $ 24.00 $ 24.00 $ 24.00 $ 24.00 ASSETS TEST MAX PENSION Single Homeown $124,000 $124,000 $124,000 $124,000 $125,750 Single No Home $212,500 $212,500 $212,500 $212,500 $215,750 Couple Homeown $176,000 $176,000 $176,000 $176,000 $178,500 Couple No Home $264,500 $264,500 $264,500 $264,500 $268,500 ASSETS TEST NO PENSION Single Homeown $240,000 $241,500 $241,500 $241,500 $243,500 Single No Home $328,500 $330,000 $330,000 $330,000 $333,500 Couple Homeown $368,500 $370,500 $370,500 $370,500 $374,000 Couple No Home $457,000 $459,000 $459,000 $460,000 $464,000
SOCIAL SECURITY RATES JOBSEARCH ETCfrom Jul 96 Sep 96 Jan 97 Mar 97 Jun 97 MAXIMUM RATES Single $ 342.60 $ 346.40 $ 346.40 $ 347.80 $ 347.80 Couple (each) $ 285.80 $ 288.90 $ 288.90 $ 290.10 $ 290.10 PAYMENT REDUCTIONS Assets/$1000 $ 3 $ 3 $ 3 $ 3 $ 3 Income/dollar Single $ 0.50 $ 0.50 $ 0.50 $ 0.50 $ 0.50 Couple each $ 0.25 $ 0.25 $ 0.25 $ 0.25 $ 0.25 PHARMACEUTICAL Single $ $ 5.40 $ 5.40 $ 5.40 $ 5.40 Couple (one) $ $ 2.70 $ 2.70 $ 2.70 $ 2.70 NEWSTART ETC (over 20) No Children Single $ 316.70 $ 320.20 $ 320.20 $ 321.50 $ 321.50 Max Income $ $ 540.29 $ 540.29 $ 542.14 $ 542.14 Couple $ 285.80 $ 288.90 $ 288.90 $ 290.10 $ 290.10 Max Income $ $ 495.57 $ 495.57 $ 497.29 $ 497.29
SOCIAL SECURITY RATES FAMILY PAYMENTSfrom Jul 96 Sep 96 Jan 97 Mar 97 Jun 97 FAMILY PAYMENT Max Child u13 $ 93.10 $ 93.10 $ 96.00 $ 96.00 $ 96.00 Max Child 13-15$ 121.10 $ 121.10 $ 124.90 $ 124.90 $ 124.90 Max student $ 58.20 $ 58.20 $ 60.00 $ 60.00 $ 60.00 Min per child $ 22.70 $ 22.70 $ 23.40 $ 23.40 $ 23.40 Min 4th child +$ 7.50 $ 7.50 $ 7.70 $ 7.70 $ 7.70 Income Test Max Pension 1 child $ 22650 $ 22650 $ 23350 $ 23350 $ 23350 2 children $ 23274 $ 23274 $ 23974 $ 23974 $ 23974 3 children $ 23898 $ 23898 $ 24598 $ 24598 $ 24598 4 children $ 24522 $ 24522 $ 25222 $ 25222 $ 25222 each extra add $ 624 $ 624 $ 624 $ 624 $ 624 Income Test No Pension 1 child $ 63766 $ 63766 $ 65743 $ 65743 $ 65743 2 children $ 66955 $ 66955 $ 69031 $ 69031 $ 69031 3 children $ 70144 $ 70144 $ 72319 $ 72319 $ 72319 4 children $ 73333 $ 73333 $ 75607 $ 75607 $ 75607 each extra add $ 3189 $ 3189 $ 3288 $ 3288 $ 3288 SOCIAL SECURITY RATES NOTESfrom Jul 96 Sep 96 Jan 97 Mar 97 Jun 97 Assets Test Max$393,750 $393,750 $406,000 $406,000 $406,000 Assets Test No $584,500 $584,500 $602,500 $602,500 $602,500 Child Disability Allce $ 74.90 $ 74.90 $ 74.90 Maximum income includes taxable income, foreign income, certain employer provided benefits and net loss from rental property.
Max Pension indicates that the maximum pension is paid with
assets or income below threshold. Compensation income (workers compensation) reduces some payments on a dollar for dollar basis. Lump sum payments are subject to special rules.
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