Income and asset limits
You can’t get Newstart Allowance if you have income or assets over a certain amount.
When your income reaches these amounts your Newstart payment reduces to zero.
|Family situation||Payment reduces to nil once your income reaches this amount per fortnight|
|single with no children||$1,069.84|
|single, 60 years of age or older and have been receiving payment for at least 9 months continuously||$1,157.00|
|single, principal carer, with a dependent child||$1,630.50|
|single principal carer of a dependent child, granted an exemption from mutual obligation requirements||$2,074.25|
|single, 60 years of age or older, principal carer with a dependent child and have been getting payment for at least 9 months continuously||$1,646.00|
|single, with a dependent child but not the principal carer||$1,146.67|
Find out more about different rates of income you can earn.
Your payment will be cancelled when your assets are more than the following amounts from 1 July 2019.
|one partner eligible, combined assets||$394,500||$605,000|
Find out more about different kinds of assets you need to report.
Page last updated: 9 August 2019