Reset the Assets Test Deeming Rate Thresholds
From 20 September 2017 the deeming provision thresholds for payments which are means tested will be reset to $30 000 for singles and $50 000 for couples (for both pensioners and allowees).
Description of the measure
From 20 September 2017 the deeming provision thresholds for payments which are means tested will be reset to $30,000 for singles and $50,000 for couples (for both pensioners and allowees). The current thresholds are $46,600 for singles, $77,400 for pensioner couples and $38,700 for members of allowee couples.
Questions and answers
Who will be affected by this measure?
This measure will impact recipients of Age Pension, Disability Support Pension, Carer Payment, Wife Pension, Widow B Pension and Bereavement Allowance and equivalent Veterans’ Affairs pension payments as well Parenting Payment Single, Youth Allowance, Austudy, Newstart Allowance, Parenting Payment Partnered, Widow Allowance, Sickness Allowance and Partner Allowance.
Am I eligible for this measure?
This will automatically impact all affected payments.
When will this measure start and finish?
This measure will start on 20 September 2017 and will be ongoing.