Tag: Age Pension means test

Age Pension Guide

Age Pension income Deeming rates drop in May 2020

Posted on by christine

by Christine Hopper Age Pension income Deeming rates drop in May 2020 The Australian Government’s response to coronavirus (COVID-19), announced on 22 March 2020 included “On 1 May 2020 the deeming rates will drop from: 1.0% to 0.25% for the lower tier and from 3% to 2.25% for the higher tier.” This means that on Read more about Age Pension income Deeming rates drop in May 2020[…]

Age Pension means test allowance increase July 2017

Posted on by christine

Age Pension means test allowance increase July 2017 By Christine Hopper The Pension Allowances are the starting points for the Income Test and Assets Test that can reduce the amount of DSP or Age Pension actually payable. Pension Allowance amounts increased slightly on 1 July 2017. This means that an Age Pensioner could have a little Read more about Age Pension means test allowance increase July 2017[…]