FINANCIAL PLANNING RATE AND TABLE 2011

Assetstestlimitsforpensionsandallowancesfrom1july2011

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: pf separated ­ ill health (each) $670.90 Single/couple ­ getting an allowance $37,200 3% 4.5% Page 3 of 4 Income test for pensions (from 1 July 2011) Single, pf Full pension7 (no dependent children) Part pension (no dependent children) Extra allowable income per dependent child 7. $150 Couple, pf both eligible $264 Couple, pf one eligible partner $264 Couple, pf separated ­ ill health $264 $1,608.60 $2,462.80 $2,462.80 $3,181.20 $24.60 $24.60 $24.60 $24.60 Income over these amounts reduces rate of pension payable by 50 cents in the dollar (single) and 25 cents in the dollar (couples). Assets test limits for pensions and allowanc...
View Full Document

This note was uploaded on 12/06/2011 for the course AFF 3111 taught by Professor Smith during the Three '08 term at Monash.

Ask a homework question - tutors are online