Southern Cross Financial Planning

About Us: Fast Facts: Fast Facts - Centrelink

Payment Rates

Maximum age pension rates (per fortnight)
Single $552.60
Couple (each) $459.70 (each)

Maximum benefits (allowances) rates (per fortnight)
Single no children $437.10
Single with children $472.80
Single (60 or over after 9 months)* $478.60
Couple (each) $394.40

 

Additional allowances

Allowance Single Couple Frequency
Pharmaceutical  $5.80 $2.90 (each)  Fortnightly
Seniors concession  $125.00 $125.00 (each)  Quarterly
Telephone  $22.00 $22.00 (each)  Quarterly
Utilities  $125.00 $62.50 (each)  Quarterly

 

Age pension age

Women

Date of birth Age Date of birth  Age
1 Jul 1941 – 31 Dec 1942 62.5 1 Jan 1946 – 30 Jun 1947  64
1 Jan 1943 – 30 Jun 1944  63 1 Jul 1947 – 31 Dec 1948 64.5
1 Jul 1944 – 31 Dec 1945 63.5 After 1 Jan 1949 65

Men
Centrelink - 65
DVA - 60

 

Income tests

Pensions

Family situation  Full pension (pf)  Cut off point (pf)
Single  $138.00 $1,519.50
Couple (combined)  $240.00 $2,538.50
Illness separated (combined)  $240.00 $3,003.00

Benefits (Allowances)

Family situation  Full pension (pf)  Cut off point (pf)
Single no children  $62.00 $821.84*
Single with children  $62.00 $881.34
Single (60 or over after 9 months)*  $62.00 $891.00
Couple (each)  $62.00 $750.67

* These figures may be higher if the Pharmaceutical Allowance or Rent Assistance are payable.

 

Assets test

Homeowners

Family situation  Full pension / Allowance  Part pension
Single  $171,750 $540,250
Couple (combined)  $243,500 $856,500
Illness separated (combined)  $243,500 $980,500

Non-Homeowners

Family situation  Full pension / Allowance  Part pension
Single  $296,250 $664,750
Couple (combined)  $368,000 $981,000
Illness separated (combined)  $368,000 $1,105,000

 

 


Copyright © Southern Cross Financial Planning, 2006.
Design & Development by James Quinn-Hawtin.

All financial products offered through Professional Investment Services.
All lending products are offered through the Australian Loan Company.