Reset the Assets Test Deeming Rate Thresholds - Budget 2014-15

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).

This measure is subject to the passage of legislation.

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).

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.

Page last updated: 27 August 2017