| FACT SHEET PENSIONS | ||||||
| SESSION 9 | ||||||
| SingleFN | per year | Couple FN | Per Year | |||
| Basic rate | $1,047.10 | $27,224.60 | $1,578.60 | $41,043.60 | ||
| Pension Suppl | $83.20 | $2,163.20 | $125.40 | $3,260.40 | ||
| Energy Suppl | $14.10 | $366.60 | $21.20 | $551.20 | ||
| Total | $1,144.40 | $29,754.40 | $1,725.20 | $44,855.20 | ||
| Rent Allowance | $211.20 | $5,491.20 | $199.00 | $5,174.00 | ||
| Total | $1,355.60 | $35,245.60 | $1,924.20 | $50,029.20 | ||
| Limits for Full and Part Pension Asset Test | ||||||
| Single | Married | |||||
| Max pension | No Pension | Max Pension | No Pension | |||
| Home owner | $314,000.00 | $695,500.00 | $470,000.00 | $1,045,500.00 | ||
| Non-Homeowner | $566,000.00 | $947,500.00 | $722,000.00 | $1,297,500.00 | ||
| Limits for Full and Part Pension Income Test | ||||||
| Single | Married | |||||
| FN | per year | FN | Per Year | |||
| Full pension | $212.00 | $5,512.00 | $372.00 | $9,672.00 | ||
| No Pension | $2,024.00 | $52,624.00 | $3,096.40 | $80,506.40 | ||
| Deemed Assets | Single | Married | ||||
| when Asset Test starts | Includes car $20,000 and personal goods $10,000 | |||||
| $301,000.00 | $513,750.00 | |||||
| Tax rate for single pensioner | ||||||
| 0-$18,201 | 0.00% | |||||
| $18,201-$32,279 | 0.00% | |||||
| $32,279-$37,000 | 0 to 66% | |||||
| 37000 above | 74.25% | |||||
| Tax rates | ||||||
| 0-$18,201 | 0.00% | |||||
| $18,201-$45,000 | 19.00% | |||||
| $45,000-$120,000 | 30.00% | |||||
| $120,001-$180,000 | 45.00% | |||||
| Change from Income test to Asset Test | ||||||
| Single | Married | |||||
| Home-Owner | $246,200.00 | $377,000.00 | ||||
| Non Home Owner | $508,000.00 | $643,000.00 | ||||
| Single | Married | |||||
| Allowable Income | $212/FN | $372/FN | $186/FN each | |||
| Work Bonus | $300/FN | $600/FN | $300/FN each | |||
| Work Bonus Balance | $7,800.00 | $7,800.00 | Each. Temporary increase of $4,000 | |||
| Rent Assistance | $105.60/week | $99.50/week | Combined | |||