Centrelink/DVA
|
|
Bob
|
Betty
|
|
Age at start of financial year
|
79.2
|
77.8
|
|
Centrelink/DVA Payment
|
DVA Age Pension
|
DVA Age Pension
|
|
Eligibility
|
Eligible
|
Eligible
|
|
Payment Type
|
Pension
|
Pension
|
|
New grants available
|
Available
|
Available
|
|
Rates based on
|
DVA Age Pension Couple Rate
|
DVA Age Pension Couple Rate
|
|
Maximum rate per fortnight
|
$539.80
|
$539.80
|
|
Maximum rate per year
|
$14,073.36
|
$14,073.36
|
|
Rent Assistance
|
Not Applicable
|
Not Applicable
|
|
Pension Supplement
|
Included
|
Included
|
|
Tax Treatment
|
Taxable
|
Taxable
|
|
Income Test
|
Chart C
|
Chart C
|
|
Assets Test
|
Chart A or B
|
Chart A or B
|
|
Payment per fortnight
|
$156.92
|
$156.92
|
|
Payment per year
|
$4,091.13
|
$4,091.13
|
|
Other Payments per year
|
$0.00
|
$0.00
|
|
Total Payment per year
|
$4,091.13
|
$4,091.13
|
Other
Payments
|
|
Bob
|
Betty
|
|
Telephone Allowance rate pa
|
$0.00
|
$0.00
|
|
Utilities Allowance rate pa
|
$0.00
|
$0.00
|
|
Pharmaceutical Allowance pa
|
$0.00
|
$0.00
|
|
Seniors Supplement rate pa
|
$0.00
|
$0.00
|
|
Remote Area Allowance pa
|
$0.00
|
$0.00
|
|
DVA Income Support Supplement pa
|
$0.00
|
$0.00
|
|
DVA Income Support Tax Treatment
|
|
|
|
Total Other Payments
|
$0.00
|
$0.00
|
Concession
Cards
|
|
Bob
|
Betty
|
|
Commonwealth Seniors Health Card
|
Not eligible, Pensioner
|
Not eligible, Pensioner
|
|
Pensioner Concession Card
|
Eligible
|
Eligible
|
|
Health Care Card
|
Not Eligible
|
Not Eligible
|
Assets
Test
|
Home Owner
|
Non-homeowner
|
|
|
Centrelink Rate Chart
|
Chart B
|
|
|
Financial Investments
|
$100,000
|
|
|
Other Assets (excludes home)
|
$800,000
|
|
|
Centrelink Assessable Assets
|
$900,000
|
|
|
Assets Test Threshold
|
$389,500
|
|
|
Assets Test Cut-off
|
$1,109,500
|
|
|
Max Rate per fortnight
|
$539.80
|
|
|
Reduction rate over threshold (per thousand)
|
1.50
|
|
|
|
Bob
|
Betty
|
|
Assets Tested Payment (per fortnight)
|
$156.92
|
$156.92
|
|
Assets Tested Payment (per year)
|
$4,091.13
|
$4,091.13
|
Bob -
Partial Assets Test. However assets of $900,000 are greater than the threshold of
$389,500 so a payment reduction applies.
Betty -
Partial Assets Test. However assets of $900,000 are greater than the threshold of
$389,500 so a payment reduction applies.
Centrelink Assessable
Income
|
|
Bob
|
Betty
|
|
Taxable Income for Centrelink income testing
purposes
|
$0
|
$0
|
|
-
Financial Investments actual income
|
$0
|
$0
|
|
+
Deemed Income
|
$1,710
|
$1,710
|
|
+
Reportable Fringe Benefits
|
$0
|
$0
|
|
+
Reportable Superannuation Contributions
|
$0
|
$0
|
|
+
Net rental property losses (added back)
|
$0
|
$0
|
|
+
Foreign Exempt Employment Income
|
$0
|
$0
|
|
-
Child Support (maintenance) paid
|
$0
|
$0
|
|
Centrelink Assessable Income
|
$1,710
|
$1,710
|
|
Combined Centrelink Assessable Income
|
$3,420
|
|
Income
Test
|
|
Bob
|
Betty
|
|
Centrelink Rate Chart
|
Chart C
|
Chart C
|
|
|
per fortnight
|
per fortnight
|
|
Centrelink Assessable Income
|
$65.00
|
$65.00
|
|
Income Test Threshold 1
|
$256.00
|
$256.00
|
|
Income Test Threshold 2
|
$0.00
|
$0.00
|
|
Income Test Cut-off
|
$2,415.20
|
$2,415.20
|
|
Max Rate per fortnight
|
$539.80
|
$539.80
|
|
Reduction rate > threshold 1
|
$0.25
|
$0.25
|
|
Reduction rate > threshold 2
|
$0.00
|
$0.00
|
|
Partner Income Test Threshold
|
$0.00
|
$0.00
|
|
Partner Income Test Cut-off
|
$0.00
|
$0.00
|
|
Partner Reduction Rate
|
$0.00
|
$0.00
|
|
Income Tested Payment
|
$539.80
|
$539.80
|
|
|
per year
|
per year
|
|
Centrelink Assessable Income
|
$1,710
|
$1,710
|
|
Income Tested Payment
|
$14,073.36
|
$14,073.36
|
Bob -
Assessable income below threshold 1.No reductions
Betty -
Assessable income below threshold 1.No reductions