Covid-19 Super Access $10,000
If you are suffering from financial stress as a result of the coronavirus, you may be eligible to access some of your superannuation. Generally, you are unable to access your super until you meet a full condition of release, such as retirement or reaching age 65. The...
Centrelink Deductible Amount Formula
When determining the entitlements that you are eligible for in relation to the Centrelink Age Pension and some other social security payments, you are assessed using either the ‘Income Test’ or the ‘Assets Test’. Under the income test, some...
Commute Pension Meaning
What does it mean to commute a pension? A pension commutation is a lump sum withdrawal from the theoretical capital supporting the pension. The theoretical capital is not exactly calculated as the pension balance itself. Basically, if a lump sum withdrawal is made...Defined Benefit Pension Centrelink Asset Test
The defined benefit pension Centrelink asset test is based upon the capital value of the income stream. The nature of defined benefit pension income streams is that they do not have a capital value. If you refer to your defined benefit income stream schedule for...Partial Commutation of Account Based Pension
The partial commutation of an account based pension is where a portion of the capital value of the pension is withdrawn or rolled back to superannuation accumulation phase or withdrawn from super entirely. Partial commutations of account based pensions are usually...Centrelink Relevant Number 2017/2018
The Centrelink Relevant Number is used in determining the deductible amount of a pension income stream for Centrelink Age Pension, DVA Service Pension and aged care means tested fee purposes. The Centrelink Relevant Numbers listed below are applicable for pension...Defined Benefit Pension Centrelink Deductible Amount
As if it wasn’t already difficult enough to figure out Centrelink’s assessment of superannuation and income streams! 1 January 2015 saw significant changes to the income assessment of account based pensions and effective abolishing of the deductible amount...Centrelink Relevant Number Table 2014
This table includes the Relevant Numbers for males and females for payments from income streams commenced on or after 1 January 2010. This remains the latest life expectancy factors for social security Relevant Number purposes up until 31 December 2014. These tables...How much is the Disability Support Pension?
The Disability Support Pension may be available to people who have a physical, intellectual, or psychiatric condition that stops them from working. The amount of Disability Support that you are eligible for can be impacted by you or your partner’s income or...
Download our 6-step Super Check & take control of your super
