10.25.8.60 Exempt Payments - Agreement with Finland

Exempt payments

Article 14, paragraph 3 of the Agreement with Finland provides that Finnish National Pension and other Finnish means-tested payments are to be considered exempt income (i.e. disregarded) under the Australian income test (this does not include the direct deduction rules detailed in 10.25.8.50). This exemption only applies to people residing in Finland and is regardless of whether the person is paid under the Agreement or autonomously.

Article 14, paragraph 8 of the Agreement with Finland provides that any allowance paid by Finland, to a person or the person's partner, for the purpose of meeting special expenses incurred as a result of illness or injury is to be considered exempt income (i.e. disregarded) under the Australian income test. This exemption applies to people both inside and outside Australia and is regardless of whether the person is paid under the Agreement or autonomously.

Article 15, paragraph 4 of the Agreement with Finland provides that Australian Age is to be disregarded under the Finnish National Pension means-test. This exemption only applies to people not residing in Finland.